Tag Archives: CEVA

CEVA Named a 3PL Leader in North America by Gartner, Inc.

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HOUSTON, Texas, 7 June, 2017 CEVA Logistics, one of the world’s leading supply chain companies, announced that Gartner, Inc. has positioned CEVA Logistics as a Leader in its May 2017 Magic Quadrant for Third-Party Logistics, North America report. This is the first year that CEVA Logistics has appeared in the Leaders quadrant.

The report evaluated 18 different logistics companies on 15 separate criteria relating to completeness of vision and ability to execute and placed CEVA Logistics in the Leaders quadrant.

Read more at www.cevalogistics.com

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CEVA takes over logistics operations of Mondadori Books and Retail and extends market-leading position in Italy

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Awarded exclusive, nine year contract to handle group’s business

Italy, 07 June, 2017 – CEVA Logistics, one of the world’s leading supply chain companies, has further enhanced its market-leading position as a books logistics provider in Italy following the successful acquisition of the logistics operations of Mondadori in books and retail businesses.

CEVA has previously worked with Rizzoli Books, a division of Mondadori. Effective from May 2017, CEVA became responsible for the logistics activities of Mondadori Books and Mondadori Retail in addition to Rizzoli books and has been awarded an exclusive, nine year contract.

As a part of the deal, CEVA will also operate Mondadori’s 24.000 sq metre warehouse facility in Verona and a 12.700sq metre warehouse facility in Rimini – 110 staff have also transferred to CEVA. The books business will continue to be managed through the Verona and Rimini facilities as well as CEVA’s specialist City of Books at Stradella (100.000sq metre).

Read more at www.cevalogistics.com

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CEVA has robust First Quarter 2017

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CEVA Holdings LLC – Results for the Quarter One ended 31 March 2017

  • Good growth with revenue up 5% YoY in constant currency, both in Freight Management and Contract Logistics
  • Continued profitability improvement: Adjusted EBITDA of $54 million, up $2 million in constant currency, despite volatile market conditions and comparative
  • Delivering cost savings through Operational Excellence Program
  • Operating cash flow improved by $13 million reflecting continued focus on cash
  • ANJI-CEVA joint venture renewed for 15 years
  • Refinancing of key 2018 maturities successfully completed

Hoofddorp, the Netherlands, 3 May, 2017 – CEVA Holdings LLC (“CEVA” or the “Company”), one of the world’s leading non‐asset based supply chain management companies, today reported results for the first quarter of the year ended 31 March, 2017.

Read more at www.cevalogistics.com

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CEVA Group Plc Announces Successful Completion of Private Exchange Offer and Consent Solicitation for its 4.00% First Lien Senior Secured Notes due 2018

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Hoofddorp, the Netherlands, April 7, 2017 – CEVA Group Plc (“CEVA” or the “Company”) announced today the successful completion its previously announced private offer to exchange (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) for its 4.00% First Lien Senior Secured Notes due 2018 (the “Existing Notes”).

The Company accepted for exchange in the Exchange Offer an aggregate principal amount of $350,674,633 of Existing Notes that had been validly tendered (and not validly withdrawn) as of 11:59 p.m., New York City time, on April 4, 2017. The Company issued $375,530,636 aggregate principal amount of its new 9.0% First Lien Senior Secured Notes due 2020 (the “New Notes”), which represents an aggregate principal amount of $359,441,511 of New Notes issued in connection with the Exchange Offer plus an aggregate principal amount of $16,089,125 of New Notes issued pursuant to agreements between the Company and certain holders of CEVA’s outstanding 12.75% senior notes due 2020, pursuant to which CEVA agreed to privately exchange such outstanding senior notes for a like principal amount of the New Notes concurrently with, and conditioned upon, the Exchange Offer.

Read more at www.cevalogistics.com

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CEVA announced the final results and expected successful completion of the private offer to exchange

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Hoofddorp, the Netherlands, April 5, 2017 – CEVA Group Plc (“CEVA” or the “Company”) announced today the final results and expected successful completion of the previously announced private offer to exchange (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) for its 4.00% First Lien Senior Secured Notes due 2018 (the “Existing Notes”). The terms of the Exchange Offer were described more fully in the confidential Offering Memorandum and Consent Solicitation Statement (the “Offering Memorandum”), dated as of March 8, 2017.

The Exchange Offer expired at 11:59 p.m., New York City time, on April 4, 2017 (the “Expiration Time”). As of the Expiration Time, valid tenders had been received from approximately $350,674,633 principal amount (89.9%) of the Existing Notes. All of the conditions to the Exchange Offer have been satisfied or waived by the Company. CEVA expects that the closing of the Exchange Offer will occur on April 7, 2017 or as soon as practicable thereafter.

In addition, the Company announced that it had amended the terms and conditions of the Exchange Offer to permit all eligible holders that participated in the Exchange Offer on or prior to the Expiration Time to receive the Total Consideration (as defined below). Prior to this announcement, only eligible holders who validly tendered their Existing Notes on or prior to 5:00 p.m., New York City time, on March 28, 2017 would be entitled to receive the Total Consideration.

Read more at www.cevalogistics.com

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CEVA receives Partnership Award from FCI Electronics

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Award recognizes CEVA for significant contributions to FCI’s success

Singapore, 1 October, 2012 – CEVA Logistics, one of the world’s leading supply chain companies, today announced that it was a proud recipient of FCI’s Partnership Award 2012. This award recognizes CEVA as one of their key preferred suppliers around the globe and the significant contributions the company has made to the success of FCI’s  ceva tracking business performance.Laurent Petit, Vice President, Asia Operations and Global Purchasing and Supply Chain, FCI commented: “This Partnership Award from FCI demonstrates CEVA’s capability to significantly contribute to our global business performance. As our preferred logistics supplier, CEVA has been successfully taking care of most of our freight and distribution centers worldwide. We rely on CEVA’s ability to always build the right solutions for real problems. I would like to thank and congratulate the entire CEVA team for their continued and loyal support.”

“We are delighted and honored to receive a Partnership Award from FCI,” said Didier Chenneveau, CEVA’s President for Asia Pacific.  “We believe that CEVA’s strong commitment to deliver competitive advantage to FCI’s supply chain and business performance has helped us strengthen this relationship over the years. We look forward to deepening this strategic relationship with FCI and will continue to support them effectively in today’s highly competitive global market.”

CEVA has developed a significant partnership with FCI which began seven years ago and will continue to take a strategic approach in the effective management of their supply chain through constant innovation and service excellence to remain a valued partner to FCI.

CEVA – Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion.

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2012 and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

CEVA named Logistics Provider of the Year at the Payload Asia Awards 2012

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Singapore, 25 September, 2012 – CEVA Logistics, a leading global supply chain management company, has been named the overall winner for the ‘Logistics Provider of the Year’ category at the Payload Asia Awards 2012, held in Singapore recently.

Organized for the first time by the region’s leading air cargo publication, Payload Asia, the Awards highlight the excellent contributions of leading supply chain organizations in the air cargo industry in Asia, particularly in ceva tracking market adeptness, innovative products or superior strategy to make a positive impact on the market.  Payload Asia, in its 27th year of publication is one of the leading authoritative sources of information and news on the air cargo industry and related sectors in Asia.

Didier Chenneveau, CEVA’s President of Asia Pacific commented: “I am very pleased that CEVA has been named the ‘Logistics Provider of the Year’ by Payload Asia. We are honored to be recognized by industry practitioners for our commitment to the air cargo industry and delivering integrated end-to-end supply chain solutions and service excellence to our customers. Putting our customers at the heart of what we do has enabled CEVA to stand out competitively.”

Companies in various categories are shortlisted by a panel of independent judges made up of well-respected professionals and leaders in the air cargo industry. Three companies are subsequently shortlisted as finalists in each category. The winner of each category was selected through a final round of online voting by readers of Payload Asia and industry professionals from across the world.

CEVA’s strategic collaboration with core carriers and continued focus on increasing operational efficiencies to support its customers’ logistics needs have enabled the company to stand out competitively in Airfreight management.  As a global 3PL provider, CEVA is well positioned to deliver value that benefits customers through integrated end-to-end supply chain solutions combining Freight Management and Contract Logistics services.

CEVA launches brand new UK to Dubai LCL consolidation service

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Ashby-de-la Zouch, UK, 27 September, 2012 – CEVA Logistics, one of the world’s leading supply chain management companies, has today announced the launch of a brand new Less-than-Container Load (LCL) consolidation service from the UK to Dubai.

The weekly service will sail from CEVA’s Consolidation Freight Station (CFS) in Tamworth, to our CEVA CFS in the Jebel Ali Free Zone, Dubai in our own LCL consolidated containers. By consolidating ceva tracking freight in Tamworth, a central UK town, CEVA links over 10 receiving locations, reduces inland transportation cost and overall transit time. With dedicated teams overseeing all aspects of the shipment, from pick up to sailing, customers are assured of CEVA’s high service levels from the moment their freight is collected.

With the entire process under CEVA’s control, customers benefit from faster freight availability in Dubai in addition to lower cost and handling options due to the port’s location in the Free Zone. With Dubai acting as a key hub for the entire Middle East region, CEVA is ideally placed to add to its existing portfolio of services for the import and export markets there.

Greg Scott, CEVA’s Global LCL Director said: “We are constantly looking at how we can provide even quicker and more efficient services for our customers as part of our growing LCL network. The Middle East region is a growing market for CEVA especially in Oceanfreight.  This new consolidation service from the UK to Dubai is just one example of how we can deliver cost and time benefits by capitalizing on our integrated Freight Management network and investment strategies within the region.”

CEVA already operates LCL services to Dubai from Houston and New York, U.S., Hamburg, Germany and Milan, Italy with further services planned from key Asia Pacific locations in the near future.

CEVA hosts second Global Supplier Awards

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  •  HCL Technologies crowned CEVA’s Supplier of the Year
  • Awards recognize best practice and excellence among CEVA’s suppliers

Hoofddorp, the Netherlands, 24 September, 2012 – CEVA Logistics, one of the world’s leading supply chain management companies, has today announced the winners of its second annual Global Supplier Awards, held on Friday 21 September in Ontigola, Spain.

Launched in 2011, CEVA’s Global Supplier Awards are designed to recognize best practice and excellence among CEVA’s suppliers worldwide and to honor organizations which support its ceva tracking quest for Impeccable Execution.

The event, hosted by Chief Information Officer Peter Dew, Chief Operating Officer Bruno Sidler and Chief Procurement Officer Simon Boggis, took place in CEVA’s multi user, eco-sustainable site in Ontigola, outside Madrid, and was attended by over 50 suppliers from around the world.

HCL Technologies, leading provider of IT and engineering services to solve complex business problems, was winner of the Technology category and crowned CEVA’s Global Supplier of the Year in recognition of the support it has provided in the delivery of three of CEVA’s five strategic priorities in the last 12 months and true commitment to working in partnership.

John Pattullo, CEVA’s CEO said: “The strategic importance of supplier relationships cannot be underestimated. Strong supplier relationships, enhanced by mutual understanding of each other’s business and operating models, can deliver competitive advantages to both parties. I’d like to congratulate all our 2012 winners. They have demonstrated their commitment to our company and their adherence to our principle of Impeccable Execution.”

Peter Dew, CIO added: “Over the past years that we have partnered with HCL, they have shown relentless passion and dedication to service excellence. Not only do they provide integrated IT support for CEVA on a global basis, they have demonstrated value in other areas of our business which has resulted in HCL recently being awarded a Business Process Outsourcing (BPO) contract with CEVA in the U.S. Congratulations to the HCL team.”

In addition to the Global Supplier of the Year award, seven other suppliers were recognized as category winners at the award ceremony:

  • Americas Supplier of the Year – Crown Equipment
  • Asia Pacific Supplier of the Year – Shinpack
  • Northern Europe Supplier of the Year – Jungheinrich
  • Southern Europe, Middle East and Africa Supplier of the Year – Modulblok
  • Air Supplier of the Year – Cathay Pacific
  • Ocean Supplier of the Year – Vanguard Logistics
  • Road Supplier of the Year – TNT.