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.
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