CEVA Logistics and Grundfos renew contract
16 April 2009 - 12:55 CET
CEVA continues to provide spare parts logistics in Europe and outbound flows globallyAlmere, April 16, 2009 - Grundfos, one of the world's leading pump manufacturers with an annual production of close to 16 million pump units, and CEVA Logistics, one of the world's leading supply chain management companies, have signed a new contract for spare parts logistics support. The spare parts relate to the full range of Grundfos products. CEVA's Site in Eindhoven, The Netherlands, will continue to act as European Distribution Center for the spare parts flows to Grundfos' European and intercontinental customers.
Grundfos is the largest manufacturer of circulator pumps, covering approximately 50 per cent of the global market. The organization also manufactures normal and submersible pump motors, develops controls for various systems and state-of-the-art electronics for monitoring.
The partnership between CEVA and Grundfos started in 2004 and encompassed warehousing services for the spare parts, handling of inbound flows into Europe and preparation of the outbound flows. "Over the past years, CEVA has proven to be a valued partner in our joint efforts to develop and improve supply chain solutions for our spare parts business. This has resulted in faster and more reliable spare parts deliveries to our customers" comments Lars Petersen, Group Senior Vice President Supply Chain Management of Grundfos.
"CEVA is very pleased to continue logistics support for Grundfos" says Pierre Girardin, Managing Director of CEVA Logistics for the France, Benelux & Nordics region. "Spare parts logistics is all about providing an excellent, reliable and flexible operation. I think our colleagues at the CEVA Site in Eindhoven did a great job in that respect and played a major role in this contract renewal."
For more information contact:
CEVA Logistics
Bart Barel
Marketing & Communications Manager
+31 610 937 846
bart.barel@cevalogistics.com
Grundfos Management A/S
Kim Nøhr Skibsted
Vice President, Corporate Communication
+45 30525020
kskibsted@grundfos.com
Grundfos. BE>THINK>INNOVATE
With more than 18,000 employees, the Grundfos Group develops, manufactures and sells a wide range of quality pumps. Circulator pumps for heating and air-conditioning and other centrifugal pumps for industry, water supply, waste water and dosing are the major products. Today, Grundfos is the world's largest manufacturer of circulator pumps, covering approximately 50 per cent of the world market for these pumps. Grundfos is represented in 45 countries through 80 own sales companies. In 2008 the annual production was more than 16 million pump units and the turnover reached € 2.55 bn. For more information, please visit www.grundfos.com.
CEVA Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's annual and quarterly reports, available on the Company's website. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
