CEVA

CEVA, in its present form, was created in 2007 when US forwarder EGL was added to the re-branded TNT Logistics operation by private equity owners Apollo.

CEVA designs, implements and operates logistics solutions in contract logistics, freight forwarding, distribution management and transportation management on a national, regional and global scale. It operates an asset light business model.

The company serves medium and large enterprises across eight sectors: automotive & tyres, technology, industrial, retail & consumer, healthcare, publishing, aerospace and oil & gas.

Revenue for 2009 totalled €5,494m.

CEVA's origins are in the express and logistics provider TNT, which was founded in Australia in 1946.

In 1996 Australia-based TNT was acquired by postal and telecom company KPN in the Netherlands. Two years later the telecom and postal division of KPN were separated. The new company, called TNT NV, was then organised around three divisions: TNT Logistics, TNT Express and TNT Post.

In the early 2000s TNT Logistics started to struggle, with margins falling as a result of difficulties in key markets, such as France.