CEVA Logistics
 | |
| Private company | |
| Industry | Logistics |
| Founded | United Kingdom, August 9, 2006 |
| Headquarters | Hoofddorp, the Netherlands |
Key people | |
| Revenue | US$ 7.9 billion (2014)[1] |
Number of employees | 42,000 (2014) |
| Parent | Apollo Management |
| Divisions | Contract Logistics, Air Freight and Ocean Freight |
| Slogan | Making business flow |
| Website | www.cevalogistics.com |
CEVA Logistics is one of the leading supply chain companies. CEVA provides end-to-end design, implementation and operational solutions in freight management, contract logistics, distribution and transportation management. The company runs a global network with facilities in over 170 countries and employs around 42,000 people worldwide.
History
CEVA was formed in August 2007 as a result of the merger of TNT Logistics TNT and EGL Eagle Global Logistics.
On 23 August 2006, TNT N.V. announced that it has signed a Sale and Purchase Agreement to sell its logistics division to Apollo Management L.P., a U.S. private equity firm.[2] The new name and logo were announced on 12 December 2006.
On 2 August 2007, CEVA announced the completion of its merger with Houston (U.S.) based Eagle Global Logistics (EGL) for $2 billion,[3] which was rebranded to CEVA on 30 November 2007.[4]
On 28 February 2014 CEVA Holdings LLC reported its 2013 Full Year Financial Results [5] with revenue of $8.5 billion and adjusted EBITDA of $277 million.
References
- ↑
- ↑ "TNT Sure we can | Welcome to TNT's corporate website, offering company news and information for investors, press, and other stakeholders". Group.tnt.com. 2008-09-20. Retrieved 2010-07-19.
- ↑ "EGL, Inc. to Be Acquired by CEVA Logistics". PR Newwire. 2007-05-24. Retrieved 2016-02-16.
- ↑ CEVA Announces Completion of Merger with EGL (2 August 2007).
- ↑