CEVA Logistics has acquired ASTI Group in Morocco to enhance its logistics capabilities and expand its market presence, particularly in the automotive sector.

Target Company Overview

ASTI Group, based in Morocco, is a prominent logistics provider ranked among the top ten in the country's market. With a dedicated workforce of nearly 100 full-time employees, ASTI specializes in a variety of logistics services, including air, ocean, ground, project logistics, and Customs clearance. The company has established itself as an expert in Customs procedures and is fully certified, featuring a direct Electronic Data Interchange (EDI) interface with Customs authorities.

As a long-term partner of CEVA Logistics for over two decades, ASTI has played a pivotal role in delivering multi-modal services to customers across North Africa. The acquisition enhances CEVA's capabilities in Morocco, particularly in the automotive sector, where it is recognized as a market leader.

Industry Overview in Morocco

The logistics industry in Morocco has seen significant growth in recent years, attributed to the country's strategic geographic location as a gateway between Europe, Africa, and the Mediterranean. This makes Morocco a critical hub for trade and logistics services, a