CMA CGM-backed CEVA Logistics to acquire Borusan Tedarik for $440m.

CMA CGM-backed CEVA Logistics, a logistics and supply chain company, agreed to acquire Borusan Tedarik, a logistics company, for $440m. “As a Top 5 global logistics player, we have identified Turkey as one of our strategic geographies where we expect to grow significantly. Complementing our existing presence in Turkey with the reputable experts and operations of Borusan Tedarik would put us in a position to offer even greater value to our combined customers and, as a result, grow faster than the market organically. CEVA is becoming bigger, stronger and smarter, so that we can then grow faster," Mathieu Friedberg, CEVA Logistics CEO.