CEVA Logistics, part of CMA CGM Group, has signed an agreement to acquire 100% of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi for $440 million to enhance its operations in Türkiye. The acquisition includes subsidiaries in Germany, Bulgaria, Hong Kong, and China and is subject to regulatory approvals. Borusan Tedarik offers various logistics services and had a gross revenue of $567 million in 2024. This deal will expand CEVA’s warehousing capacity and strengthen its transport network in Türkiye and Europe.

Source: https://www.stattimes.com/logistics/ceva-signs-440-million-deal-to-buy-borusan-tedarik-expand-in-trkiye-1355111