CEVA Logistics has reinforced its market position in Turkey with the full acquisition of Horoz Bolloré Logistics. Originally a joint venture launched by Bolloré Logistics and Horoz Logistics in 2000, the entity will now become part of CEVA's operations as the company continues to widen its footprint in the region.
The transaction allows CEVA to significantly boost its service portfolio in Turkey. By integrating Horoz Bolloré, CEVA aims to deliver a more extensive suite of international logistics solutions, addressing the growing demands in the Turkish market, as reported by cevalogistics.com.
CEVA's strategy involves leveraging the combined proficiency and resources of both CEVA and Horoz Bolloré to create more flexible and customer-focused logistics solutions. This acquisition is a clear indication of CEVA Logistics' strategic goal to strengthen its presence and scalability in the global logistics arena.