CEVA Logistics on Monday, June 15, announced that it has acquired a majority stake in African freight logistics specialist AMI Worldwide to significantly expand its footprint on the continent.
AMI, which also operates under the name Manica, has about 1,000 employees among a network of offices in 12 east and southern African countries. The employees and offices will become part of CEVA, starting July 1, with full integration expected to be completed by December.
Financial terms of the deal were...
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