Ceva Logistics expands presence in India
Founded in 2016, Stellar Value Chain Solutions in India is a key player in contract logistics with omni-channel fulfilment services in the e-commerce, automotive, food, and many more market segments. Ceva will acquire more than 70 facilities in 21 cities in India, taking over a workforce of nearly 8,000 employees.
The Stellar acquisition will help Ceva to diversify its presence in India and is also expected to benefit its freight management and customs business in Asia Pacific.
Anshuman Singh, founder, Stellar Value Chain Solutions: “[…] I look forward excitedly to the future with Ceva, further supporting our commitment to our customers and allowing them to benefit from Ceva’s global capabilities with our knowledge of India. […]” Singh will continue driving this business after the acquisition. (mk)