Ceva Logistics was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics.[1][2] After the merger, CEVA Logistics became the 4th largest global third party logistic (3PL) company.[3] Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018.[4]
In 2016, 3PL revenues in China amounted to US$166.7 billion. Research firm Technavio positioned Ceva Logistics as the 4th largest firm with gross revenues of US$1.2 billion, net revenues of US$706 million and 1% of total market share.[5]
In 2018, CEVA Logistics was listed on the SIX Swiss Stock Exchange.[6][7] The company acquired also Spedimacc, a logistics firm specialising in the transport of fragile and valuable goods and helped Ceva Logistics reach 20% of the Italian market.[8][9]
In March 2019, CEVA Logistics was acquired by the French group CMA CGM, the world's third-largest container transportation and shipping company, to complete its service range with activities in logistics. CEVA's headquarters moved from Switzerland to Marseille, France.[10]
In 2020, the company acquired AMI Worldwide, a logistics solutions provider in Africa, offering connections with India, the Middle East, and China.[11][12]
In 2021, CEVA had 98,000 employees working in 6 regions operating from 160 countries.[13][14][7]
In 2022, CEVA Logistics finalized the acquisition of the Ingram Micro Commerce & Lifecycle Services (CLS),[15] Colis Privé,[16] GEFCO[17] and Spedag Interfreight.[18]
In 2022, CEVA Logistics announced a partnership with Ferrari as its official logistics partner,[19] providing logistics support services for the Scuderia Ferrari cars and equipment for Grand Prix events, GT racing series, and other Ferrari Challenge events.[20]
