Ceva Logistics is set to acquire Italian project logistics specialist Fagioli.
The company has entered into a share purchase agreement to acquire 100 percent of the Italian organisation. Private equity firm QuattroR represents the largest shareholder of Fagioli Group, while the remaining shares are held by the family of its long-time chairman, Alessandro Fagioli.
The acquisition would see Ceva welcome approximately 450 highly skilled employees from Fagioli Group, including more than 40 specialised engineers working in various technical operations and management roles.
Fagioli’s expertise in large-scale project cargo and engineering solutions would complement Ceva’s current project logistics operations. With the acquisition, Ceva will be capable of offering end-to-end solutions, from the design phase through to the freight forwarding, transport, complex delivery and installation operations. The project logistics specialist’s global operations would support Ceva’s business especially in Europe, Asia Pacific and North America thanks to its direct customer relationships with EPCs and industrial customers.
On the equipment side, Fagioli has a mixture of owned and leased assets to support its engineered solutions, including crawler and gantry cranes, tower systems and strand jacks, SPMTs, barges and ballasting pumps. Most recently, Fagioli added a 600-tonne capacity CC 2800 crawler crane.
This latest deal follows strategic growth in the project logistics sector for Ceva. In 2024, the company formed the Ceva Almajdouie Logistics joint venture in Saudi Arabia and last month acquired Borusan Lojistik in Türkiye.
Further still, following Ceva’s 2019 acquisition by the CMA CGM Group, the company has integrated numerous large logistics players, including Ingram Micro’s CLS division, GEFCO and Bolloré Logistics.
Mathieu Friedberg, ceo of Ceva Logistics, said: “Everyone who works in project logistics knows Fagioli. Their worldwide reputation and strong company values were a major factor in our decision making. Adding their technical expertise to the Ceva team, as part of the broader CMA CGM Group, would be a significant boost for our project logistics business in offering state-of-the-art, end-to-end solutions for our customers.”
Fernando Bertoni, ceo of Fagioli Group, added: “The arrival of Ceva Logistics would provide Fagioli with superior access-to-market capabilities, a capillary presence and local know-how in each key market around the world, as well as the necessary financial support to accelerate Fagioli’s long-term growth.”
