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CEVA acquires Stellar Value Chain Solutions in India

Article-CEVA acquires Stellar Value Chain Solutions in India

Photo: CMA CGM CMA CGM warehouse
File photo of worker in CEVA Logistics warehouse
CEVA Logistics has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions (Stellar VCS).

CEVA will acquire approximately 71.5 hectares of space across more than 70 facilities in 21 cities across India.

“With the addition of Stellar VCS, we will continue our strategic growth with the goal of becoming a top five global logistics player,” said Mathieu Friedberg, CEO CEVA Logistics.

CEVA will take over the Stellar VCS workforce of nearly 8,000 full-time and temporary employees, who have strong expertise and relationships in India.

Founded in 2016, Stellar VCS is one of the largest consumer supply chain institutions in India, being responsible for contract logistics with omni-channel fulfilment services in the eCommerce, automotive, food products, consumer, fashion and retail, health care and pharmaceuticals market segments. 

The Stellar acquisition will help CEVA diversify its presence in India, boosting its local workforce, assets, customer roster and capabilities. The deal strengthens CEVA’s strategy to provide its customers with end-to-end supply chain solutions.

CEVA is currently present in 75 locations across 35 cities in India with approximately 25 Hectares of warehouse space.

“We are expanding into more key market segments and boosting our presence in this strategic country. Stellar has an important network of contract logistics facilities across India and a top roster of customers. Bringing on their expertise and footprint in India is a major step forward for CEVA Logistics.” Mathieu Friedberg, Chief Executive Officer, CEVA Logistics, said: 

 “We have built a strong network across India based on our commitment to serving our customers through long-term partnerships. I look forward excitedly to the future with CEVA, further supporting our commitment to our customers and allowing them to benefit from CEVA’s global capabilities with our knowledge of India,” commented Anshuman Singh, Founder, Stellar Value Chain Solutions.

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