CEVA consolidates its leading position in the publishing market with the acquisition of Transitalia
19 November 2008 - 11:33 CET
Milan, 19 November 2008 - CEVA Logistics, a leading global supply chain management company, consolidates its leading position in the Italian publishing market with the acquisition of Transitalia, one of the most important companies in the field of publishing logistics. With a turnover of around 20 million euro in 2007, Transitalia provides logistics services to the main operators in the publishing sector.
CEVA already has a wide client portfolio that includes the leaders in the publishing market. In the books area in particular, CEVA boasts a leadership position, presiding over 70% of the market (CEVA is responsible for the distribution of around 70 million books out of a total of around 100 million books sold annually in Italy), and aims to consolidate this position through growth in specific publishing segments.
The acquisition of Transitalia forms part of the CEVA strategy aimed at completing its portfolio of product offers to the publishing sector through the integrated management of the entire logistics supply chain: from printing works to final delivery through the development of a widespread distribution network that guarantees complete control over distribution traffic.
"This is an acquisition of great strategic value for CEVA in the publishing sector as it enables us to consolidate our leadership position both in terms of volumes and expertise", commented Gianfranco Sgro, President of CEVA Logistics SEMEA. "This consolidation lays the foundation for the overall optimization of the sector value chain, enabling us to take advantage of important opportunities."
The operation is subject to the approval of the Antitrust Authorities and will be made official on December 1, 2008.
Per maggiori informazioni:
Sara Faravelli
Marketing & Communication Manager
+39 02 89230270
sara.faravelli@cevalogistics.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 forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT, 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 climate in Asia and the US, 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 integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. 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 filings with the Securities and Exchange Commission. 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. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
