CEVA Logistics to acquire a 96% stake in Stellar Value Chain Solutions from Warburg Pincus.

CEVA Logistics, a third-party logistics company, agreed to acquire a 96% stake in Stellar Value Chain Solutions, a supply chain ecosystem provider, from Warburg Pincus, a private equity firm. Financial terms were not disclosed. “With the addition of Stellar VCS, we will continue our strategic growth with the goal of becoming a Top 5 global logistics player. We are expanding into more key market segments and boosting our presence in this strategic country. Stellar has an important network of contract logistics facilities across India and a top roster of customers. Bringing on their expertise and footprint in India is a major step forward for CEVA Logistics,” Mathieu Friedberg, CEVA Logistics CEO.