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CEVA Logistics and Wärtsilä expand partnership

Helsinki, March 31, 2009 - Wärtsilä, a market leader in ship power and decentralized power plant solutions and CEVA Logistics, one of the world's leading supply chain companies have signed an agreement for the outsourcing of warehousing operations for Wärtsilä's 24/7 global spare parts activities in The Netherlands.

The agreement follows Wärtsilä's earlier announcement that it is planning to consolidate the Company's spare parts logistics and build a Central Distribution Center facility in Holland. This new operating model is planned to be fully implemented during 2011. Until this time, CEVA will manage Wärtsilä's existing Dutch warehouse in Zwolle and will assist in the design planning of the new Distribution Center.

Since September 2008, CEVA Logistics has also been responsible for managing spare part transportation to Wärtsilä's various warehousing facilities in Europe and deliveries to international customers. "The centralization of our logistics activities with a specialized partner like CEVA will result in faster and more efficient spare parts deliveries to our customers 24 hours a day, 7 days a week," comments Tage Blomberg, Group Vice President, Wärtsilä Services. "This set-up will perfectly support our growth targets in the fast moving business environment to become the most valued business partner of all our customers," adds Blomberg.

"CEVA is very pleased to expand its partnership with Wärtsilä" says Pierre Girardin, Managing Director of CEVA's France, Benelux & Nordics Region. "CEVA's industry leading Operations Excellence solutions for W‰rtsil‰ have already been recognized with the presentation, last October, of the Lean & Green Award. For us, this is a perfect example of how economics and sustainability come together in logistic solutions. Now we believe that our combination of transportation and warehousing management services will maximize even further our efforts to achieve continuous improvement for Wärtsilä and its customers."

For more information please contact:
CEVA Logistics
Bart Barel
+31 610 937 846
bart.barel@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

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 climate in Asia and the US, 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 integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. 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 filings with the Securities and Exchange Commission. 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. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

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CEVA Logistics and Wärtsilä expand partnership

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