Finance
CEVA Logistics wraps up Turkish deal with Borusan for $383 million
Published by Global Banking and Finance Review
Posted on November 5, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 5, 2025
2 min readLast updated: January 21, 2026
CEVA Logistics has completed its $383 million acquisition of Borusan Tedarik, enhancing its logistics capabilities in Turkey.
(Reuters) -France's CEVA Logistics has completed its acquisition of Turkish logistics provider Borusan Tedarik from Turkish conglomerate Borusan Yatirim for $383 million, the companies said in separate statements on Wednesday.
Marseille-based CEVA is a subsidiary of French shipping group CMA CGM, the world's third-largest container line.
Borusan Yatirim, the listed investment arm of the Borusan Group, said in the filing that payments had been made to shareholders under the deal, which was first announced in April at a value of $440 million.
CEVA said it has completed the acquisition of 100% of Borusan Tedarik, the legal entity operating Turkey's Borusan Lojistik, after receiving all necessary regulatory approvals.
With the acquisition, CEVA also gains control of Borusan Lojistik's foreign subsidiaries and Turkish digital platforms eTA and Bukoli, while port operations under the Borusan Lojistik brand will remain with Borusan Holding, CEVA said.
CEVA said it will now begin integrating and rebranding to strengthen its position in Turkey, where it will manage about 1.19 million square meters of warehouse space and handle around 1 million full truckload (FTL) transports per year.
The group provides end-to-end contract logistics and air, ocean, ground and finished vehicle transport in 170 countries, with around 110,000 employees at more than 1,500 facilities.
(Reporting by Canan Sevgili; Editing by Alexander Smith)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Logistics refers to the detailed coordination of complex operations involving people, facilities, and supplies, particularly in the transportation and storage of goods.
Corporate strategy is the overall plan for a diversified company, outlining how it will create value across its various business units.
A subsidiary is a company that is completely or partially owned and wholly controlled by another company, known as the parent company.
Explore more articles in the Finance category
