CEVA Logistics’ has announced its acquisition of ASTI Group in Morocco.The companies 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 new operation will be looking to capitalise on the strength of the automotive industry in the country, a vertical in which CEVA Logistics is a market-leader.
ASTI is already a top ten logistics player in the Moroccan market based at the two locations which will additionally offer air, ocean, ground (domestic and international), project logistics and Customs clearance services.
CEVA Logistics’ CEO Mathieu Friedberg commented: “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”.
Ahmed Belmrah, CEO and founder of ASTI Group added: “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”.