CEVA Logistics, a leading global third-party logistics provider, has signed a share purchase agreement to acquire 100% of Fagioli Group, a renowned project logistics and heavy-lift specialist. The deal, pending customary regulatory approvals, aims to expand CEVA’s capabilities across the entire project logistics value chain—from initial design and engineering to final delivery and installation.

Fagioli Group, with 2024 revenues of €216 million, is globally recognized for its expertise in large-scale hauling, heavy lifting, and engineered transport solutions. The acquisition would bring approximately 450 employees, including more than 40 specialized engineers, into CEVA’s operations. Its fleet of cranes, self-propelled modular transporters, barges, and other heavy-lift assets will complement CEVA’s existing project logistics capabilities.

“Fagioli’s technical expertise and global reach will enable CEVA to deliver fully integrated, end-to-end project logistics solutions,” said CEVA. The acquisition is expected to strengthen CEVA’s presence in Europe, Asia Pacific, North America, and key strategic markets, complementing recent expansions such as Borusan Lojistik in Turkey and the Almajdouie Logistics joint venture in Saudi Arabia.

This move aligns with CEVA’s broader M&A strategy to enhance its value-added logistics services since its acquisition by CMA CGM Group in 2019, following prior integrations including Ingram Micro’s CLS division, GEFCO, and Bolloré Logistics.

Mathieu Friedberg, CEO, CEVA Logistics, said: “Everyone who works in project logistics knows Fagioli. Their worldwide reputation and strong company values were a major factor in our decision making. Adding their technical expertise to the CEVA team, as part of the broader CMA CGM Group, would be a significant boost for our project logistics business in offering state-of-the-art, end-to-end solutions for our customers.”

Fernando Bertoni, CEO, Fagioli Group, said: “The arrival of CEVA Logistics would provide Fagioli with superior access-to-market capabilities, a capillary presence and local know-how in each key market around the world, as well as the necessary financial support to accelerate Fagioli’s long-term growth. In closure, my recognition goes to the hard work done by the QuattroR team over the years in repositioning Fagioli as a strong and reliable player worldwide.”

Stefano Cassina, Senior Partner, QuattroR, said: “We invested in Fagioli, with the ambition to develop its business and strengthen its position as global leader in project logistics. The acquisition of Fagioli by CEVA would be a testament of the quality of the successful work done with the leadership team to grow its portfolio of competences, to improve its commercial operations and to expand its offering in strategic markets, hence establishing a strong foundation for the future.

Fagioli exemplifies QuattroR’s ability to identify Italian excellences and transform them into thriving market leaders, thanks to our money-in approach. We are confident that, under CEVA’s ownership, Fagioli would have the opportunity to further expand and continue to excel.”