FM Logistic has divested its activity in China to Ceva Logistics
Shanghai – CFI is pleased to announce that it acted as exclusive financial advisor to FM Logistic its sale of its Chinese activities, such as FM Warehouse (Taicang) Co., Ltd and FM Logistic (Pinghu) Co., Ltd., to Ceva Logistics.
FM Logistic Corporate is a European leading supply chain solution provider. Focused on providing omnichannel logistics strategies, including urban and bulk offers, they were founded in 1967 and have a global presence with over 28,000 employees.
FM Warehouse (Taicang) Co., Ltd and FM Logistic (Pinghu) Co., Ltd. provide integrated services in warehousing and transportation solutions serving a wide range of sectors in China.
Ceva Logistics provides global supply chain and logistics solutions, including contract logistics and freight management, to businesses of all sizes.
This transaction closed on 20 June 2023.
This transaction was advised by:
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Precedence, a Dutch consultancy specialised in Process Consulting, Technology Consulting, Data & AI, and People Change, is joining Sia, an international management consulting firm with a strong focus on strategy, technology and data-driven transformation
