PRZOOM - /newswire/ -
Dubai, UAE, United Arab Emirates, 2009/03/25 - CEVA Logistics, one of the world’s leading supply chain companies, announced it has signed a contract with WABCO.
WABCO is a leader in supplying safety and control systems for commercial vehicles and has appointed CEVA to manage its logistics and export services in the Middle East, North Africa and Indian subcontinent. CEVA will warehouse, collect and pack WABCO’s products in the Middle East and will manage all inbound freight as part of the Global Lead Service Supplier Agreement. In addition, CEVA will also manage customs clearance and outbound exports from Dubai.
Hamid Hamri, Sales Director for WABCO Middle East and Africa said “We rely on CEVA’s experience both locally and abroad to support our business growth success within the region. CEVA has demonstrated skills and ability in our European operations which made them a clear partner of choice. It is important to us that CEVA’s long term operation inside the Middle East brings a sense of confidence and stability to our customers.”
“WABCO’s decision to work with CEVA in the Middle East, North Africa and Indian subcontinent is an acknowledgment of our ability to be a reliable partner, that supports growth and expansion for customers” commented Gianfranco Sgro, President of CEVA Logistics for South Europe, Middle East and Africa.
About CEVA. Making Business Flow
CEVA Logistics (cevalogistics.com) is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn.
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The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.