CEVA Logistics has signed a share purchase agreement to acquire 100 percent of Fagioli Group, a globally recognised specialist in project logistics, heavy lifting and engineered transport solutions. The transaction, which remains subject to customary regulatory approvals, would significantly expand CEVA’s capabilities across the full project logistics value chain.
Fagioli Group is majority-owned by private equity firm QuattroR, with the remaining shares held by the family of long-time chairman Alessandro Fagioli. The company reported revenues of €216 million in 2024 and is widely known for its expertise in the design, engineering and execution of complex hauling, lifting and installation operations for large-scale industrial and infrastructure projects.
CEVA currently delivers project logistics services through its global freight forwarding network, supported by more than 1,000 specialists worldwide. Following completion of the transaction, approximately 450 Fagioli employees would join CEVA, including more than 40 specialised engineers working in technical and management roles. The combination would allow CEVA to offer integrated, end-to-end project logistics solutions, from early-stage engineering and planning through to transport, delivery and installation.
Fagioli Group’s global footprint and strong relationships with EPC contractors and industrial customers would further strengthen CEVA’s presence, particularly in Europe, Asia Pacific and North America. The acquisition would also add a substantial owned and leased asset base, including crawler and gantry cranes, tower systems, strand jacks, SPMTs, self-propelled trailers, barges and ballasting equipment.
Strategically, Fagioli’s technical expertise is expected to complement CEVA’s existing project logistics activities, including the CEVA Almajdouie Logistics joint venture in Saudi Arabia and operations across the GCC region. The move would also reinforce CEVA’s capabilities in East Africa, following its acquisition of Spedag Interfreight in 2022.
Mathieu Friedberg, CEO of 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 of Fagioli Group, commented: “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.”
Stefano Cassina, Senior Partner at QuattroR, added: “The acquisition of Fagioli by CEVA would be a testament to the successful work carried out with the leadership team to strengthen its global position and expand its offering in strategic markets.”
