Reported about 24 hours ago
Ceva Logistics, a leading global logistics provider, has announced its plan to acquire the Turkey-based logistics company Borusan Tedarik for $400 million. This acquisition will significantly expand Ceva's warehouse capacity in Turkey, nearly doubling its total to 12.9 million square feet and enhancing its logistics operations across various transportation methods. The deal is part of Ceva's broader strategy to grow in key markets and will strengthen its position in Turkey's logistics sector.
Source: YAHOO