CEVA named as ElectronicPartner Italia logistics supplier
12 October 2009 - 11:15 CET
CEVA will manage ElectronicPartner Italia's products from warehouse to point of saleMilan, Italy, 12 October 2009 - CEVA Logistics, a leading global supply chain management company, has signed a three year agreement with ElectronicPartner Italia, one of the world's leading companies in the consumer electronics, multimedia, domestic appliances and telecommunications sector. CEVA Logistics will dedicate 6200 m2 to ElectronicPartner Italia in its new sustainable warehouse in Martinengo, Bergamo, where it will manage approximately 380,000 products every year.
ElectronicPartner Italia will benefit from CEVA's national distribution network, and the expertise and solutions specifically developed for managing all processes in the electronics and Hi-tech sector, including, cross-docking, kitting, assembly, reverse logistics and WEEE disposal services.
"Our strategy is aimed at giving more and more attention to the market" - commented Vincenzo Panza, CEO of ElectronicPartner Italia srl. "An important step towards this is to optimize the logistics processes, which we consider strategic for the success. We have chosen CEVA, the number one logistics operator in the electronic sector, as we are confident they can provide an outstanding service with all the tools and skills we need. "
"ElectronicPartner Italia has chosen CEVA as its logistics partner because we are able to offer quality, value added solutions, tailored to the needs of our customers. Given the current economic crisis, these solutions are fundamental to our customer's operations" commented Carlo Rosa, General Manager of the Consumer Division at CEVA Logistics, Italy. "Thanks to our expertise, we are able to improve the efficiency of EP's logistics processes and guarantee reliable services, eliminating waste and inefficiencies."
For more information contact:
Danilo Schipani
T: +39 02 8923 0354
E: danilo.schipani@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 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.
About EP Electronic Partner:
ElectronicPartner Group was founded in Düsseldorf in 1937 and is now present in seven European countries through a network of over 5000 specialized resellers. The company is well known for the wide range of quality products available in its stores, its expert personnel, and its plethora of sales and post-sales services. For more information, please visit www.electronicpartner.it.
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.
