CEVA Logistics to Acquire Fagioli

CEVA Logistics announced plans to acquire Fagioli Group, enabling CEVA to cover the entire project logistics value chain and offer solutions from early-stage development to final delivery.

“Everyone who works in project logistics knows Fagioli. Their worldwide reputation and strong company values were a major factor in our decision making. Adding their technical expertise to the CEVA team, as part of the broader CMA CGM Group, would be a significant boost for our project logistics business in offering state-of-the-art, end-to-end solutions for our customers.” Says Mathieu Friedberg, CEO, CEVA Logistics.

“The arrival of CEVA Logistics would provide Fagioli with superior access-to-market capabilities, a capillary presence and local know-how in each key market around the world, as well as the necessary financial support to accelerate Fagioli’s long-term growth. In closure, my recognition goes to the hard work done by the QuattroR team over the years in repositioning Fagioli as a strong and reliable player worldwide,” adds Fernando Bertoni, CEO, Fagioli Group.

Key takeaways:

·        With the acquisition, CEVA welcomes approximately 450 highly skilled employees from Fagioli Group, including more than 40 specialized engineers working in various technical operations and management roles.

·        Fagioli Group’s expertise in large-scale project cargo and engineering solutions would complement CEVA’s current project logistics operations. Fagioli Group’s capabilities would allow CEVA to offer end-to-end solutions, from the design phase to the freight forwarding and transport to the complex delivery and installation operations.

·        Fagioli Group’s global operations would support CEVA’s business especially in Europe, Asia Pacific and North America thanks to its direct customer relationships with engineering, procurement and construction (EPC) companies and industrial customers.

·        From crawler and gantry cranes, tower systems and strand jacks to self-propelled modular transporters (SPMT), self-propelled trailers (SPT), barges and ballasting pumps, Fagioli Group’s sizeable fleet of equipment complements the expertise of its engineers and technicians.