CEVA completes GEFCO acquisition, creates “Finished Vehicle Logistics” organization
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CMA CGM group member CEVA Logistics has completed the acquisition of GEFCO. With this change, CEVA Logistics has announced the creation of a dedicated Finished Vehicle Logistics organization as part of its integration of GEFCO. The move comes following the purchase of the French automotive logistics specialist in July 2022 by the CMA CGM Group.
Thanks to the acquisition and integration of GEFCO, CEVA says it is now the largest France-based logistics company.
GEFCO’s remaining business, mostly in contract logistics and ground transportation, is being integrated into CEVA’s existing operations. CEVA plans to finish integration activities and replace the GEFCO brand worldwide in 2023.
The new product organization will be under the direction of former GEFCO COO Emmanuel Cheremetinski, who will lead a global team of approximately 4,000 employees.
In addition, CEVA claims the acquisition means it can now offer full lifecycle solutions to the global automotive industry.
Commenting on the news, Mathieu Friedberg, CEO of CEVA Logistics, said:
“Our promise of Responsive Logistics requires high levels of industry know-how, so we are growing in both scale and expertise to co-create value with our customers. With our new CEVA colleagues who came from GEFCO, we are able to offer extensive global capabilities to a wide range of industries, including the automotive industry. Backed by the CMA CGM Group, we expect our growth to continue as we target becoming a Top 3 global 3PL.”
Guillaume Col, Deputy CEO for Regions and Products at CEVA Logistics, added:
“With the automotive industry undergoing significant transformation, integrating a mature finished vehicle organization puts CEVA in a very strong position. With a unique depth of expertise and solutions at all stages of the automotive supply chain, we are already developing comprehensive, end-to-end solutions for this sector.”