As part of its strategic growth plan, CEVA Logistics announced that it has closed the acquisition of Spedag Interfreight, an international freight forwarding expert covering several countries in East Africa. This announcement comes after finalizing all customary closing conditions, including receiving regulatory approvals by relevant authorities. CEVA purchased the logistics entity from the M+R Spedag Group, a family-owned transport and logistics company headquartered in Switzerland.
Spedag Interfreight is one of the most competent and reliable logistics providers in East Africa with dedicated industry teams possessing leading expertise in relevant market verticals including energy and infrastructure, aid and relief, oil and gas, and commodities. Approximately 400 employees at 24 locations in Kenya, Uganda, Tanzania, Rwanda and South Sudan have joined CEVA as a result of the transaction’s closing.
CEVA continues to implement its strategic growth plan under the vision of the CMA CGM Group. With the Group’s support, CEVA welcomed more than 20,000 new employees through acquisitions of Ingram Micro’s former Commerce & Lifecycle Services business and Colis Privé, France’s leading private last mile provider.
In addition, the CMA CGM Group announced in April that it had signed an agreement to purchase nearly 100% of the capital of GEFCO, the European leader in automotive logistics and an international expert in multimodal supply chain solutions. The European Commission authorized the Group to acquire the capital of GEFCO immediately, pending the final approval.
Mathieu Friedberg, chief executive officer, CEVA Logistics, says “With the addition of Spedag Interfreight in East Africa, we are continuing to execute key regional initiatives in our strategic growth plan. This acquisition is the perfect follow-on to our organic growth and M&A activity in Africa over the past two years, as well as the recent acquisitions of Ingram Micro CLS and Colis Privé. Our global scale allows us to offer a wide range of responsive logistics solutions thanks to our experienced local teams.”