The third-party logistics provider (3PL) CEVA Logistics will acquire the Italian project logistics firm Fagioli Group, saying its complementary capabilities would enable CEVA to cover the entire project logistics value chain, offering solutions from early-stage development to final delivery.With 2024 revenue of $254 million, Fagioli Group specializes in the design, engineering and execution of specialized hauling, heavy lifting and hoisting activities required by complex project logistics operations. Its largest shareholder is the private equity firm QuattroR, with the remaining shares being held by the family of its long-time chairman, Alessandro Fagioli.Terms of the deal were not disclosed, but the acquisition would add approximately 450 Fagioli Group employees to CEVA Logistics’ current roster of more than 1,000 project logistics and freight forwarding experts. It would also bring Fagioli Group’s thousands of owned and leased assets, ranging from crawler and gantry cranes, tower systems and strand jacks to self-propelled modular transporters (SPMT), self-propelled trailers (SPT), barges and ballasting pumps.In terms of added capabilities, the deal is expected to complement CEVA’s 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.And following closely the addition of Borusan Lojistik in Turkey last month, the signing to purchase Fagioli Group reaffirms the current M&A strategy by CEVA Logistics of boosting its presence in strategic geographies and value-added logistics…
