CEVA Agrees Deal for Project Logistics Firm Fagioli

By Simon West

CEVA Logistics has agreed to acquire Italy-based transport specialist Fagioli Group, a move aimed at expanding its heavy-lift and project cargo capabilities.

Financial terms were not disclosed, and the deal is subject to regulatory approvals.

Fagioli, whose largest shareholder is private equity firm QuattroR alongside the founding Fagioli family, generated revenue of 216 million euros in 2024. The group is known globally for designing and executing specialized hauling, heavy-lifting and hoisting work for large-scale industrial and infrastructure projects.

Fernando Bertoni has served as Fagioli’s CEO since February 2024.

“Everyone who works in project logistics knows Fagioli. Their worldwide reputation and strong company values were a major factor in our decision making,” said Mathieu Friedberg, CEO of CEVA Logistics. “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.”

CEVA said the acquisition would add around 450 employees, including more than 40 engineers, and enable it to cover the entire project value chain from design phase to final delivery. Fagioli’s owned and leased fleet includes cranes, modular transporters, barges and other heavy equipment used in complex project cargo operations.

The deal is expected to strengthen CEVA’s logistics push in the Middle East through its CEVA Almajdouie Logistics joint venture in Saudi Arabia, while supporting operations in East Africa thanks to its 2022 acquisition of Spedag Interfreight.

“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,” Bertoni said.

CEVA Logistics and Fagioli are exhibitors at Breakbulk Middle East.

PHOTO: Fernando Bertoni, CEO of Fagioli, and Mathieu Friedberg, CEO of CEVA Logistics. CREDIT: CEVA