CEVA Logistics accelerates its expansion in Africa with the acquisition of the ASTI group in Morocco.
CEVA Logistics’ strategic expansion plan for the African continent is accelerating with the acquisition of the ASTI Group in Morocco. CEVA Logistics and ASTI have been long-term partners for more than two decades and have offered a wide range of multimodal services to customers in the North African country during this time.
By acquiring the company, CEVA Logistics hopes to expand its range of export capabilities, especially reefer services – in cooperation with the parent company, CMA CGM Group, world leader in export and logistics – and contractual logistics activities in Casablanca and the area. free from Tangier. The new operation will seek to focus, according to Freshplaza, on the strength of the car industry in the Kingdom.
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ASTI is already one of the top ten players in the field of logistics in the Moroccan market, with almost 100 full-time employees, based on the two sites, which will also offer air, sea, land services (national and international). circulation and customs clearance.
According to Mathieu Friedberg, CEO of CEVA Logistics: “The acquisition of ASTI further strengthens (their) position (s) on the African market and shows (their) ambition for the continent as a whole.” He added: “We believe that there is enormous potential in a wide range of freight services and the expansion of the CEVA brand in Morocco will put us on the path to success.”
For Ahmed Belmrah, CEO and founder of the ASTI group, “The sale of ASTI to CEVA Logistics is the logical continuation of our historic partnership and is an important step in the strategic development of CEVA Logistics in Morocco and Africa.”