Ceva Logistics, a subsidiary of the CMA CGM Group, has closed the acquisition of 100 percent of Borusan Lojistik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, the legal entity behind Turkish logistics firm Borusan Lojistik.
The original purchase agreement was made public in April 2025, with the USD383 million transaction now having received all regulatory approvals.
Privately held Borusan Holding sold 69.47 percent of Borusan Tedarik’s shares, with the remaining 30.53 percent held by publicly traded Borusan Yatırım. Borusan port activities under the former Borusan Lojistik’s brand remain with Borusan Holding.
Ceva will initiate the integration and rebranding process, with the company now managing approximately 1.19 million sq m of warehouse space in the country and almost 1 million domestic full truck load transports per year. Owing to the acquisition, Ceva will also boost its role in finished vehicle logistics, along with air and ocean transport.
“The Turkish economy and its domestic logistics market are dynamic,” said Mathieu Friedberg, ceo of Ceva. “This growth, combined with the country’s strategic location along the India, Middle East, Europe Corridor, opens a wide array of opportunities for our new size and breadth of logistics solutions. With our combined business, Türkiye now represents Ceva’s third-largest country by gross revenue.”
HLPFI reported earlier this year that Ceva is adding to its presence in Africa with plans to construct a logistics base in the port area of Kribi, Cameroon.
