CEVA Logistics Acquires ASTI Group in Morocco
7th January 2021
CEVA Logistics has acquired ASTI Group in Morocco as part of its strategic expansion plan across the African continent. CEVA Logistics and ASTI have been long-term partners for more than two decades and have delivered a range of multi-modal services to customers across the North African country in that time.
Through acquiring the company, CEVA Logistics will expand its range of export capabilities, specifically reefer services – in cooperation with its parent company the CMA CGM Group, a world leader in shipping and logistics – and Contract Logistics activities in both Casablanca and the Tangiers Free Zone. The new operation will be looking to capitalize on the strength of the automotive industry in the country, a vertical in which CEVA Logistics is a market-leader.
ASTI is already a top ten logistics player in the Moroccan market with almost 100 full time staff members based at the two locations which will additionally offer air, ocean, ground (domestic and international), project logistics and Customs clearance services. ASTI is a Customs clearance expert in Morocco and is fully certified with the authorities and has a direct EDI interface with Customs.
Says CEVA Logistics’ CEO Mathieu Friedberg said: “The acquisition of ASTI further enhances our standing in the African market and shows our ambition for the continent as a whole. We believe there is enormous potential across a range of freight services and extending the CEVA brand in its own right in Morocco will set us on the road to further success”.
CEVA Logistics is a global business. Last month it announced the win of a major, five year contract with Pernod Ricard to provide the drinks manufacturer with warehousing and distribution support in South East Asia. For the full story click here.