CEVA is a leading logistics company, providing end-to-end design, implementation and operational capabilities in freight forwarding, contract logistics, transportation management and distribution 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 and tyres, technology, industrial, retail and consumer, healthcare, publishing, aerospace and oil and gas.
CEVA's origins are in the express and logistics provider TNT, as it was formed in 2007 as a result of the merger of TNT Logistics and EGL Eagle Global Logistics.
In 1996, Australia-based TNT was acquired by postal and telecom company KPN in the Netherlands. The telecom and postal division of KPN were separated, and the new company, called TNT NV, was then organised around three divisions: TNT Logistics, TNT Express and TNT Post.
At the end of 2005, TNT announced its intention to sell its contract logistics activities as the result of a revised strategic focus. In the autumn of 2006 TNT Logistics was sold to affiliates of Apollo Management L.P. TNT Logistics was rebranded CEVA Logistics in December 2006.
In August 2007, as a result of the merger of CEVA and EGL, CEVA divided its operations into two divisions, CEVA Contract Logistics and CEVA Freight Management.In 2013, revenues totalled $8.52bn.