Archives



Business, Forwarding, Freight News, Logistics


Ceva acquires Indian logistics giant

[ August 23, 2023   //   ]

CEVA Logistics has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from private equity firm Warburg Pincus and other shareholders. Started in 2016 by Anshuman Singh, Stellar offers omni-channel fulfilment services in the eCommerce, automotive, food products, consumer, fashion and retail, healthcare and pharmaceuticals market segments. Anshuman Singh will continue to lead the business following the acquisition. It operates about 7.7m sq ft of space at over 70 facilities in 21 cities across India and has a workforce of nearly 8,000 full-time and temporary employees.

CEVA Logistics is already present in 75 locations across 35 cities in India with approximately 2.7m sq ft of warehouse space.

Tags: