PR87330

MARSEILLE, France, Dec. 17, 2020 /PRNewswire=KYODO JBN/ --

-CEVA Logistics takes majority stake in IBA Freight Services in Egypt,

cementing its long-standing relationship with north Africa

-CEVA Logistics acquires minority stake in MACCFA in Ethiopia further

strengthening its east African presence

-Strategic expansion plan gathers momentum

CEVA Logistics continues to expand its presence in the African market with the

strengthening of its presence in two countries through two joint ventures. In

Egypt, the company has taken a majority stake in IBA Freight Services, its

exclusive partner for the past 20 years. In Ethiopia CEVA Logistics has taken a

minority stake in MACCFA, a long-standing freight forwarder headquartered in

Addis Ababa.

Aiming to become a leading continent-wide player

Both joint ventures are effective immediately and further cement CEVA

Logistics' aim of becoming a leading continent-wide player. Through the new

joint ventures both entities will be able to expand their products base which

will help enhance the use of their local logistics services across the CEVA

Logistics network.

These new enterprises follow CEVA Logistics' acquisition of a majority stake in

AMI Worldwide in the summer of 2020 which added an additional 12 countries to

the company's African network.

IBA Freight Services in Egypt

Headquartered in Cairo close to the city's international airport, IBA Freight

Services has been CEVA Logistics' exclusive agent in the country for 20 years.

It offers a full range of multi-modal and 3PL services to a wide base of

customers across the country. The broad spectrum of freight management services

is operated from IBA Freight Services' offices in Cairo, at Cairo Airport and

in the port city of Alexandria.

Onward destinations across Egypt are served through trucking operations.

MACCFA in Ethiopia

MACCFA has been established for some 25 years and operates from six offices and

customs locations across Ethiopia offering a full range of logistics services.

Outside the capital, it is the dominant player and operates two road corridors:

Addis Ababa – Djibouti and Mekelle – Kombolcha – Addis Ababa.

It also provides intermodal solutions using fully booked Block Train services

from the Port of Djibouti to Indode Freight Terminal near Addis Ababa with

onward trucking services to final destinations across Ethiopia.

Furthermore, MACCFA has a long-standing working relationship with CEVA Logistics'

parent company, the CMA CGM Group, a world leader in shipping and logistics.

Says CEVA Logistics' Managing Director Turkey, India, Middle East and Africa,

Bruno Plantaz: "Our strategic, continent-wide expansion plan continues to

gather pace.  These two Joint Ventures further consolidate our position in

north Africa and the horn of Africa and will enable us to persevere in our

intention of supporting its socio-economic emergence across all countries."

About CEVA Logistics

CEVA Logistics, a world reference in third-party logistics, provides and

operates transportation and supply-chain solutions for large or medium size

national and multinational companies. CEVA Logistics offers a broad range of

services in both Contract Logistics and Freight Management thanks to 78,000

employees, operating over 1,000 facilities in more than 160 countries. CEVA

Logistics' experienced specialists focus on seamlessly designing end-to-end

customized solutions to meet the complex and rapidly evolving supply chain

needs whatever the business sector. CEVA Logistics is part of the CMA CGM

Group, a world leader in shipping and logistics.

For more information, please visit

www.cevalogistics.com

Source: Ceva Logistics