MOROCCO – CEVA Logistics, a global logistics and supply chain company, has announced the acquisition of ASTI Group in Morocco, a move that is further helping CEVA Logisitics’ strategic expansion plan across the African continent.
CEVA Logistics and ASTI have been long-term partners for more than two decades and have delivered a range of multi-modal services to customers across the North African country in that time.
“The acquisition of ASTI further enhances our standing in the African market and shows our ambition for the continent as a whole. We believe there is enormous potential across a range of freight services and extending the CEVA brand in its own right in Morocco will set us on the road to further success,” CEVA Logistics’ CEO Mathieu Friedberg said.
The acquisition will help CEVA Logistics to expand its range of export capabilities, specifically reefer services – in cooperation with its parent company the CMA CGM Group, a world leader in shipping and logistics – and Contract Logistics activities in both Casablanca and the Tangiers Free Zone.
The new operation will be looking to capitalize on the strength of the automotive industry in the country, a vertical in which CEVA Logistics is a market-leader.
“The sale of ASTI to CEVA Logistics is the logical continuation of our historic partnership and constitutes an important step in the strategic development of CEVA Logistics in both Morocco and Africa,” Ahmed Belmrah, CEO and founder of ASTI Group, said.
ASTI is already a top ten logistics player in the Moroccan market with almost 100 full time staff members based at the two locations which will additionally offer air, ocean, ground (domestic and international), project logistics and Customs clearance services.
“I am convinced this takeover will allow CEVA Logistics to become one of the leading players in Morocco with a full portfolio of services offering optimal conditions for developing business partnerships with our clients,” Salim Benchehla, ASTI Group shareholder and managing director of CEVA Logistics Morocco, commented.
ASTI is a Customs clearance expert in Morocco and is fully certified with the authorities and has a direct EDI interface with Customs.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE