CEVA Logistics to acquire Italy’s Fagioli in major push into project cargo

CEVA Logistics has agreed to acquire 100% of Fagioli Holding S.p.A. and its affiliated companies, in a move designed to significantly scale up its global project logistics capabilities. The transaction, signed through a share purchase agreement, remains subject to regulatory clearances.

Based in Milan, the Fagioli Group is a specialist in engineered transport and heavy-lift solutions for complex project cargo. The company is currently majority-owned by private equity firm QuattroR, with the balance held by the family of chairman Alessandro Fagioli. In 2024, Fagioli reported revenues of €216 million and operated across multiple international markets, providing design, engineering and execution services for heavy lifting, hoisting and specialised transport projects.

CEVA said the acquisition would enable it to offer end-to-end project logistics services, extending from early-stage engineering and planning through to transport, delivery and on-site installation. While CEVA already operates a global project logistics network supported by more than 1,000 specialists, the addition of Fagioli is expected to bring deeper engineering expertise and direct access to specialised assets.

Once completed, the transaction will see around 450 Fagioli employees join CEVA, including more than 40 engineers in senior technical and managerial positions. Fagioli’s portfolio of owned and leased equipment — ranging from crawler and gantry cranes to strand jacks, self-propelled modular transporters, barges and ballasting systems — will further strengthen CEVA’s ability to handle large-scale and technically demanding cargo movements.

The deal is expected to enhance CEVA’s relationships with engineering, procurement and construction (EPC) contractors and industrial customers, supporting project logistics activities across Europe, Asia Pacific and North America. Fagioli’s technical strengths are also set to reinforce CEVA’s operations in the Gulf through its CEVA Almajdouie Logistics joint venture announced in October 2024, while complementing its presence in East Africa following the acquisition of Spedag Interfreight in 2022.

The planned acquisition follows CEVA’s recent purchase of Borusan Lojistik in Turkey and reflects its wider strategy of expanding in selected geographies and high-value logistics segments. Since joining the CMA CGM Group in 2019, CEVA has steadily expanded its portfolio through major acquisitions, including Ingram Micro’s CLS business, GEFCO and Bolloré Logistics, alongside targeted joint ventures and bolt-on deals.

Commenting on the transaction, Stefano Cassina, Senior Partner at QuattroR, said the deal highlights the firm’s approach of backing Italian industrial champions and supporting their transformation into global market leaders, adding that Fagioli is well positioned to accelerate its growth under CEVA’s ownership.