French logistics leader CEVA Logistics is set to become a stronger player in Indian contract logistics after acquiring a majority stake in Mumbai-based Stellar Value Chain Solutions. The move will allow CEVA to offer its customers global expertise, increased operational efficiency, and innovation. The acquisition aligns with CEVA's goals of strengthening its scale, scope, and capabilities in contract logistics, particularly in the growing e-commerce market. CEVA will acquire 70+ facilities and nearly 8,000 employees from Stellar, enabling it to diversify and expand its presence in India.
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