CEVA Logistics has announced the acquisition of Cargex S.A., enhancing its capabilities in Colombia's perishables market and solidifying its strategic growth in Latin America.

Target Information

Cargex S.A. is an esteemed international freight forwarding company specializing in perishable goods, headquartered in Bogotá, Colombia. With over 25 years of experience, Cargex has established itself as a leader in the export management of perishable products, operating in key Colombian cities such as Medellín, Cartagena, Buenaventura, and Santa Marta. The firm is recognized for its extensive knowledge, qualified workforce, and robust relationships within the industry, which have contributed to its prominence in handling temperature-sensitive goods.

Alongside its principal operations, Cargex oversees a customs brokerage affiliate, Agencias de Aduanas Aduanamos S.A. Nivel 2, further enhancing its capability in providing comprehensive logistics solutions. The integration of Cargex into CEVA Logistics will see Cargex's General Manager, Pablo Torres, assume a pivotal role as the Director of Perishables for Colombia and Ecuador, ensuring continuity in leadership and strategic vision.

Industry Overview in Colombia

The logistics industry in Colombia exhibits a notable growth trajectory, particularly within the perishables segment. This market is poised for an annual expansion of approximately 10 percent through 2024, driven by the country's unique geographic advantages and a gro