Expanding finished vehicle logistics in Spain
Ceva Logistics is expanding its finished vehicle logistics (FVL) services by taking full control of its 50/50 joint venture, Bergé Gefco. Ceva purchased the remaining 50% of the joint venture from Bergé, and the transaction was approved by the Spanish National Markets and Competition Commission at the end of April this year.
Bergé Gefco is a lFVL solutions provider for the Iberian Peninsula, whose business will now be integrated into Ceva’s existing operations in Spain. As a result, Bergé Gefco assets will soon carry the Ceva brand.
Ceva is a wholly owned subsidiary of the CMA CGM Group. The acquisition extends Ceva’s current services in Spain, incorporating finished vehicle logistics into its existing portfolio of contract logistics, as well as ocean, air, road and rail transport solutions.
Bergé Gefco owns 4.2 million sqm of vehicle storage space, 925 vehicle transport trucks, 160 vehicle transport wagons, 40,000 sqm of workshops and 17 logistics centres in Spain and employs approximately 700 people. Through the acquired business, Ceva expects to transport 1.9 million vehicles annually. (ben)