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CEVA Logistics acquires Stellar Value Chain Solutions

The European logistics giant is set to expand its contract logistics footprint with the purchase of a nationwide Indian contract logistics expert

CEVA Logistics has announced that it has signed an agreement to acquire 96 per cent of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders.  

Started in 2016 by Anshuman Singh, CEVA says Stellar Value Chain Solutions in India has grown into a key player in contract logistics with omni-channel fulfillment services in the eCommerce, automotive, food products, consumer, fashion and retail, healthcare and pharmaceuticals market segments. Singh will continue driving this business following the acquisition. 

Mathieu Friedberg, chief executive officer, CEVA Logistics, says the deal will open up many opportunites for the company. 

“With the addition of Stellar VCS, we will continue our strategic growth with the goal of becoming a Top 5 global logistics player. We are expanding into more key market segments and boosting our presence in this strategic country. 

“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,” Friedberg says. 

CEVA will acquire approximately 7,700,000 square feet of space across more than 70 facilities in 21 cities across India. In addition, CEVA will inherit the Stellar workforce of nearly 8,000 full-time and temporary employees, who have strong expertise and relationships in India. 

CEVA says the Stellar acquisition will help it diversify its presence in India, boosting its local workforce, assets, customer roster and capabilities. The deal strengthens CEVA’s strategy to provide its customers with end-to-end supply chain solutions. 

Anshuman Singh, founder, Stellar Value Chain Solutions, says he is excited about the acquisition. 

“We have built a strong network across India based on our commitment to serving our customers through long-term partnerships. 

“Warburg Pincus has been an extremely valuable and supportive partner in building this company right from its inception and is now passing on the baton to another global giant, CEVA Logistics, to take this company ahead. 

“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. The shared values of our Stellar associates and those of the CEVA Logistics team will allow for a quick integration and new, global opportunities for our associates,” Singh says. 

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