Ceva Logistics Turkey, part of the global logistics giant Ceva, has signed an initial agreement to acquire Turkey's Varan Kargo for an undisclosed sum yesterday.
“Varan is the first logistics firm in Turkey, and also so far the most established in its field. The firm's name is also well-known in the country, which is important,” said Aslan Uzun, managing director of Ceva Logistics Turkey.
Ceva, owned by international private equity investor, Apollo Management, is the world's fourth largest supply chain management company. The firm's Turkish branch was established in 2000 as TNT Logistics, and today employs some 400 people and has 200,000 square meters of storage space. Ceva employs more than 54,000 people in more than 100 countries globally.
“Varan is the first logistics firm in Turkey, and also so far the most established in its field. The firm's name is also well-known in the country, which is important,” said Aslan Uzun, managing director of Ceva Logistics Turkey.
Ceva, owned by international private equity investor, Apollo Management, is the world's fourth largest supply chain management company. The firm's Turkish branch was established in 2000 as TNT Logistics, and today employs some 400 people and has 200,000 square meters of storage space. Ceva employs more than 54,000 people in more than 100 countries globally.
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