CEVA Logistics, a subsidiary of the CMA CGM Group, announced the successful closing of its acquisition of Turkey’s leading domestic logistics firm, Borusan Tedarik Zinciri Çözümleri ve Teknoloji Şirketi (Borusan Lojistik), for $383 million.

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CEVA Logistics completes $383 million acquisition of Borusan Lojistik
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CEVA Logistics completes $383 million acquisition of Borusan Lojistik

The purchase of 100% of the Borusan entity, which was originally announced on April 26, positions CEVA as a dominant player.

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