CEVA expands India presence, buys Stellar Value Chain Solutions
CEVA Logistics signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders.
CEVA will acquire approximately 7.7 million square feet of space across more than 70 facilities in 21 cities across India. CEVA is currently present in 75 locations across 35 cities in India with approximately 2.7 million square feet of warehouse space.
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: Mathieu Friedberg, CEVA Logistics
I look forward excitedly to the future with CEVA, further supporting our commitment to our customers and allowing them to benefit from CEVA’s global capabilities with our knowledge of India: Anshuman Singh, Stellar VCS
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