Ceva acquires Stellar Value Chain Solutions

Stellar Value Chain Solutions was founded in 2016 and is a major consumer supply-chain services provider through provision of contract logistics and fulfilment services across the eCommerce, automotive, food products, consumer, fashion and retail, healthcare and pharmaceuticals market segments.

As a result of the deal, CEVA will gain 7.7 million ft² of operational space across 70 facilities in 21 cities throughout India. The current workforce is estimated to be almost 8000 people. By comparison, CEVA’s footprint in the country is much smaller, with 75 locations, around 2.7 million ft² of space in 35 Indian cities.

This acquisition represents an opportunity for CEVA to expand its presence in India, as Mathieu Friedberg, Chief Executive Officer, CEVA Logistics, explains: “With the addition of Stellar VCS, we will continue our strategic growth with the goal of becoming a top five global logistics player. We are expanding into more key market segments and boosting our presence in this strategic country. Stellar has an important network of contract logistics facilities across India and a top roster of customers. Bringing on their expertise and footprint in India is a major step forward for CEVA Logistics.”