CEVA renews and expands contract with technology customer Mittwoch, 04. Juli 2018 - 07:00

CEVA Logistics AG / Key word(s): Contract
CEVA renews and expands contract with technology customer

04.07.2018 / 07:00

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CEVA renews and expands contract with technology customer with estimated
over $100 million revenue

Baar, Switzerland, 4 July, 2018 - CEVA Logistics, one of the world's leading
third-party logistics companies, announces that it has renewed a global
freight management contract with a major technology customer and has been
awarded important additional services in Air and Ocean freight. CEVA
estimates that existing and new business will exceed $100 million of revenue
over the next twelve months, depending on actual volumes handled. CEVA has
been working with the customer for more than 10 years and much expanded
services over the timeframe.

Commenting on the new contract, CEVA's CEO Xavier Urbain, says: "We are
proud to retain and even expand our position as the No.1 freight service
provider for this customer. This important award demonstrates the strong
partnerships we have and the quality of service we provide to our customers."


For additional information please contact:

Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
David Urbach
SVP Corporate Development
david.urbach@cevalogistics.com
+41 799 333 083

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381

CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs
and operates industry leading supply-chain solutions for large and
medium-size national and multinational companies. Its integrated network in
Freight Management and Contract Logistics spans more than 160 countries.
Approximately 56,000 employees are dedicated to delivering effective
solutions across a variety of industry sectors where CEVA applies its
operational expertise to provide best-in-class services. CEVA generated
revenue of $7 billion and adjusted EBITDA of $280 million in 2017. CEVA
Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more
information, please visit www.cevalogistics.com.