CEVA is expanding its heavy lift and project cargo capabilities through the purchase of Italian project logistics firm Fagioli Group.
On 15 December, third-party logistics provider CEVA signed a share purchase agreement to acquire 100% of Fagioli Group from private equity firm QuattroR and the family of long-time company chairman, Alessandro Fagioli.
The acquisition would see CEVA welcome some 450 employees from the heavy-lift specialist, which achieved revenues of €216 million (c. £190m) in 2024.
The deal remains subject to customary regulatory approvals.
CEVA said Fagioli Group’s expertise in large-scale project cargo and engineering solutions would support its business in Europe, Asia Pacific and North America, allowing CEVA to “offer end-to-end solutions, from the design phase to the freight forwarding and transport to the complex delivery and installation operations”.
“Everyone who works in project logistics knows Fagioli…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,” said Mathieu Friedberg, CEO, CEVA Logistics.
The deal, which follows the acquisition of Borusan Lojistik in Turkey in November, reaffirms CEVA’s M&A strategy of boosting its presence in strategic geographies and value-added logistics sectors.
