CEVA Logistics completes acquisition of Stellar Value Chain

The acquisition of Stellar boosts CEVA’s domestic contract logistics and omni-channel fulfilment service, providing CEVA with a presence in 60+ locations and 35 cities across India. CEVA will welcome approximately 6,000 employees from the former Stellar business.

We’re on the cusp of an exciting new era at CEVA Logistics in India. Our combined culture, capabilities and overall operations will allow us to reach new heights: Matthieu Friedberg, CEVA Logistics

Founder Anshuman Singh will continue to lead the legacy Stellar business as part of CEVA’s network of logistics across India. The demand for third party logistics (3PL) and warehouses is growing in line with shifts in consumer behaviour and the logistics landscape. The enhanced presence will offer new opportunities for CEVA in a fast-growing market.

The acquisition enhances our contract logistics, and with advancements in 3PL, expands our scope in warehousing and fulfilment services. In alignment with our well-established air and ocean business, we will strategically utilise our capabilities to provide a full suite of supply chain logistics solutions for our current and future customers: Paras Rawal, CEVA Logistics

Headquartered in Marseille, France, CEVA Logistics operates across 170 countries with approximately 110,000 employees at more than 1,300 facilities. With pro forma 2022 revenue of $18.7 billion, CEVA Logistics is part of the CMA CGM Group.

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