- CEVA Logistics
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For other uses, see Ceva (disambiguation).
CEVA Logistics (CEVA Group Plc) 
Type Private company Industry Logistics Founded United Kingdom, August 9, 2006 Headquarters Hoofddorp, the Netherlands Key people John Pattullo, CEO; Bruno Sidler, COO; Rubin McDougal, CFO; Matt Ryan, President Americas; Didier Chenneveau, President Asia Pacific; Leigh Pomlett, President Northern Europe; Gianfranco Sgro, President Southern Europe, Middle East and Africa Revenue €6.8 billion (2010)[1] Operating income €- million Net income (€-) million Employees over 49,000 (2010) Parent Apollo Management Divisions Contract Logistics and Freight Management Website www.cevalogistics.com CEVA Logistics is a global logistics company. It provides solutions in freight management, contract logistics, distribution and transportation management. The company runs a global network with facilities in over 170 countries and employs more than 49,000 people worldwide.
History
CEVA was formerly known as TNT Logistics, a division of TNT which was founded in Australia in 1946. In 1999, a logistics division of the company was created. On 23 August 2006, TNT N.V. announced that it has signed a Sale and Purchase Agreement to sell its logistics division to Apollo Management L.P., a U.S. private equity firm.[2] The new name and logo were announced on 12 December 2006. On 2 August 2007, CEVA announced the completion of its merger with Houston (U.S.) based EGL (Eagle Global Logistics), which was rebranded to CEVA on 30 November 2007. [3]
On 8 November, 2011, CEVA announced its Quarter Three 2011 Financial Results, with Contract Logistics boosting Q3 performance. [4] Highlights from the Quarter were: Revenue of €1.76 billion and EBITDA of €86 million, up year-on-year by 1.2% and 5.8% respectively, at constant exchange rates, reflecting continuing good performance in Contract Logistics, partly offset by lower rates and volumes in Freight Management; Year to date EBITDA increased to €238 million, up year-on-year by 17.2% and 21.9% at actual and constant exchange rates respectively; Continued focus on cash management drives year-on-year reduction in net working capital by €34 million.
References
- ^ CEVA Group plc, Results for the Full Year and Fourth Quarter to 31 December 2010 (7 March 2011).
- ^ "TNT Sure we can | Welcome to TNT's corporate website, offering company news and information for investors, press, and other stakeholders". Group.tnt.com. 2008-09-20. http://group.tnt.com/pressreleases/pressfinancial/tnt/20060823_tnt_reaches_agreement_to_sell_its_logistics_division_to_apollo_management_lp.asp. Retrieved 2010-07-19.
- ^ CEVA Announces Completion of Merger with EGL (2 August 2007).
- ^ Contract Logistics boosts Q3 results at CEVA
External links
Categories:- Logistics companies of the Netherlands
- Private equity portfolio companies
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