One of the world’s leading Logistics and Supply Chain management companies CEVA recently celebrated their first day of trading for their shares in Zurich’s SIX Swiss Exchange. The day of trading was opened with the traditional ringing of the bell.
Xavier Urbain CEO of CEVA was accompanied by members of the CEVA team along with SIX Exchange executives to celebrate the company’s launch on SIX.
Mr. Urbain said, “We are proud to open this new chapter for CEVA which builds on the transformation that the company has undergone over the last four years. CEVA has successfully repositioned itself among the top third-party logistics providers through its global presence, end-to-end service offering in contract logistics and freight forwarding, its balanced blue-chip customer portfolio and its strong solution capabilities,”
He further added, “Our aim was to raise 1.2 Bn CHF through the all-primary IPO to strengthen the balance sheet of our company – this objective is 100% achieved. It unlocks additional growth potential with existing and new customers.”
The third largest container shipping group in the world, CMA-CGM has acquired a substantial stake in CEVA Logistics as a part of this IPO.
Mr. Urbain concluded with, “Having CMA-CGM on board as a shareholder is a sign of confidence and opens up new perspectives for us in the development of complementary services that meet the growing customer demand for integrated end-to-end solutions and one-stop-shop providers. Our current relationships with customers, carriers and other business partners will remain unchanged,”
Finally adding, “Our management and 56,000 employees are fully committed to delivering on our strategy, to accelerate growth and to enhance profitability – in order to sustainably create value for our customers and shareholders.”