Heavy lift deal for CEVA
CEVA Logistics has announced the signing of a share purchase agreement to acquire one hundred percent of Fagioli Holding S.p.A and its affiliated companies, collectively known as Fagioli Group. The transaction, which remains subject to customary regulatory approvals, would see CEVA strengthen its position across the full project logistics value chain as the company reported.
With revenue of 216 million euros in 2024, the Fagioli Group employs around 450 staff, including more than 40 engineers, and operates a substantial fleet of owned and leased assets such as crawler cranes, SPMTs, strand jacks and barges. "Adding their technical expertise to the CEVA team would be a significant boost for our project logistics business in offering state-of-the-art, end-to-end solutions for our customers," said Mathieu Friedberg, CEO, CEVA Logistics.