CEVA Logistics has announced the signing of a share purchase agreement to acquire 100% of the globally renowned project logistics firm Fagioli Group.
The 3PL logistics provider noted the "complementary capabilities" it has with Fagioli, which CEVA said "would enable it to cover the entire project logistics value chain, offering solutions from early-stage development to final delivery."
The transaction is subject to customary regulatory approvals.
CEVA said private equity firm QuattroR represents the largest shareholder of Fagioli Group, while the remaining shares are held by the family of its long-time chairman, Alessandro Fagioli.
It noted that the company — with 2024 revenue of €216 million — is well known around the world in the design, engineering and execution of specialized hauling, heavy lifting and hoisting activities required by complex project logistics operations.
(Photo: CEVA Logistics)
CEVA Logistics currently delivers its project logistics solutions as a major player in the freight forwarding aspect of operations thanks to more than 1,000 experts at locations around the world.
The acquisition would see CEVA welcome approximately 450 employees from Fagioli Group, including more than 40 specialized engineers working in various technical operations and management roles.
"With deep industry knowledge and customer relationships, Fagioli Group’s expertise in large-scale project cargo and engineering solutions would complement CEVA's current project logistics operations," the announcement said.
Fagioli Group's capabilities would also 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's global operations would support CEVA's business especially in Europe, Asia Pacific and North America with its direct customer relationships with engineering, procurement and construction (EPC) companies and industrial customers.
CEVA said Fagioli's technical capabilities are also expected to further complement its project logistics activities under the CEVA Almajdouie Logistics joint venture announced in October 2024 in Saudi Arabia for operations across the broader Gulf Cooperation Council (GCC) region.
In addition, the move would also support CEVA's operations in East Africa thanks to its 2022 acquisition of Spedag Interfreight.
Following the addition of Borusan Lojistik in Turkey last month, CEVA Logistics has signed an agreement to acquire Fagioli Group, continuing its M&A strategy to expand in key markets and specialized logistics sectors.
Following CEVA’s 2019 acquisition by the CMA CGM Group, the Group's strategic logistics pillar has integrated numerous large logistics players, including Ingram Micro's CLS division, GEFCO and Bolloré Logistics, while developing local and sector capabilities through bolt-on acquisitions and targeted joint ventures.
Mathieu Friedberg, CEO, CEVA Logistics, said: "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."
Since CEVA's 2019 acquisition by the CMA CGM Group, the logistics arm has added several major players, including Ingram Micro’s CLS division, GEFCO and Bolloré Logistics, while expanding local and sector capabilities through smaller acquisitions and joint ventures.
