Fibre2Fashion: Ceva Logistics Expands to Africa with Spedag Interfreight Acquisition

Jul 22, 2022

France’s Ceva Logistics has closed the acquisition deal with Spedag Interfreight, an international freight forwarding expert covering several countries in East Africa. As part of Ceva’s growth plans, the acquisition further supports the company’s global end-to-end logistics capabilities and increases its market coverage in Africa.

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Spedag Interfreight is one of the most competent and reliable logistics providers in East Africa with dedicated industry teams possessing leading expertise in relevant market verticals including energy and infrastructure, aid and relief, oil and gas, and commodities. Through this acquisition, Ceva remains committed to a ‘think global, act local’ growth strategy by adding Spedag Interfreight’s local market understanding to Ceva’s leading global network. As a result, the joint synergy strives to make the African market account for a significant share of its revenue by 2025. 

“With the addition of Spedag Interfreight in East Africa, we are continuing to execute key regional initiatives in our strategic growth plan. This acquisition is the perfect follow-on to our organic growth and M&A activity in Africa over the past two years, as well as the recent acquisitions of Ingram Micro CLS and Colis Privé. Our global scale allows us to offer a wide range of responsive logistics solutions thanks to our experienced local teams,” said Mathieu Friedberg, Chief Executive Officer of Ceva.

Source: France's Ceva Logistics Acquires Spedag Interfreight14

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