CEVA Logistics Expands Project Logistics Reach with Fagioli Group Acquisition

CEVA Logistics has announced the signing of a definitive agreement to acquire 100% of the Fagioli Group, a prominent player in global project logistics based in Italy. This strategic move aims to enhance CEVA’s capabilities in handling heavy lift and complex cargo logistics.

Deal Overview

The agreement, revealed on Monday, is pending regulatory approvals, and the financial terms of the acquisition have not been disclosed. Fagioli Group specializes in engineered transportation, heavy hauling, and lifting services tailored for large infrastructure, energy, and industrial projects.

Financial Performance

In 2024, Fagioli Group reported a revenue of $251 million USD, further solidifying its reputation for managing some of the most intricate project cargo movements globally.

Integration of Fagioli Team

As part of the acquisition, CEVA will integrate approximately 450 employees from Fagioli, including over 40 engineers who are adept in technical and management roles. This collaboration will enable CEVA to offer comprehensive project logistics services, from early planning and design to final installation.

Enhanced Capabilities

CEVA already boasts a robust global project logistics business supported by more than 1,000 specialized professionals. The addition of Fagioli’s engineering expertise and owned equipment will significantly bolster CEVA’s ability to execute heavy and oversized cargo projects efficiently.

Specialized Equipment

Fagioli’s diverse equipment range includes crawler and gantry cranes, strand jacks, self-propelled modular transporters, trailers, barges, and a variety of other specialized tools crucial for major project moves. An established network of relationships with engineering, procurement, and construction firms, as well as industrial clients across Europe, Asia Pacific, and North America, further enhances Fagioli’s value proposition.

Leadership Insights

Mathieu Friedberg, CEO of CEVA Logistics, emphasized the importance of Fagioli’s reputation within the project logistics sector: “Everyone who works in project logistics knows Fagioli. Their worldwide reputation and strong company values were significant factors in our decision-making process. Combining their technical expertise with the broader CMA CGM Group will enhance our project logistics offerings with state-of-the-art, end-to-end solutions.”

Future Growth Prospects

This acquisition is part of CEVA’s ongoing strategic developments since joining the CMA CGM Group in 2019, including the acquisition of Bolloré Logistics and improved freight management collaborations. Fernando Bertoni, CEO of Fagioli Group, noted that CEVA’s resources would provide Fagioli with improved access to global markets and financial support for accelerated growth.

This pivotal acquisition is set to redefine the landscape of project logistics and create new value for clients globally.