CEVA, Inc. Price & Performance (CEVA)

CEVA Logistics has agreed to acquire Turkish logistics provider Borusan Tedarik for $440 million, nearly doubling its warehousing capacity and expanding its workforce by 4,000. The deal, pending regulatory approval, will also enhance CEVA’s finished vehicle logistics and increase its ocean freight capacity by 25%.1234

CEVA’s $440 million acquisition of Borusan Tedarik will extend its reach across Turkey and internationally, adding significant logistics capabilities and subsidiaries in Europe and Asia. The move is expected to reinforce CEVA’s position among the top global players in finished vehicle logistics and strengthen its air and ocean freight operations.1234

The acquisition of Borusan Tedarik will bring CEVA Logistics approximately $567 million in additional revenue and 570,000 square meters of warehousing. This aligns with CEVA’s aggressive expansion strategy, following several major integrations since 2019, and further solidifies its standing in Turkey’s and Europe’s logistics sectors.1234