MAN chooses CEVA as its logistics partner
31 March 2008 - 10:37 CET
CEVA Logistics has signed a 5-year agreement for receiving, storing, forwarding and distributing throughout Italy.
MILAN, 31 March 2008 - MAN Nutzfahrzeuge Group, the largest company in the MAN Group, and a leading international provider of efficient commercial vehicles and innovative transport solutions, has signed a 5-year international service agreement with CEVA Logistics, one of the leading supply chain companies in the world, for the distribution of spare parts in Germany, Italy and the UK.
CEVA will provide receiving, storage, forwarding and distribution activities to approximately 150 dealers located throughout Italy according to two types of services: the first will involve next-day delivery overnight service and the second, restock services at the same delivery points. To this end, CEVA has set up a new MAN Local Distribution Center (LDC) at the Bologna Interporto to service the whole country.
MAN's offering can be broken down into three product macro groups:
- Heavy-Duty Range, which refers to the new TGX and TGS trucks with total mass in excess of 18 tons;
- Lightweight and Mid-Range, refering to the TGL and TGM trucks with total mass between 7.5 tons and 18 tons;
- Special Vehicles with a total mass in excess of 18 tons, large-sized vehicles with modular cabs.
Given the project's complexity, CEVA has provided MAN with an international team comprising Commercial Development and Operations representatives and IT specialists. To facilitate the flow of information and standardization, a single information system will be used for Italy, Germany and the UK, and developed and personalized especially for MAN.
CEVA has been partnering with MAN in Germany since 2007. From April 2008 activities will be launched also in Italy, and the project is due to go live in the UK in September 2008, alongside existing UK operations for MAN. "We have been successful at setting ourselves apart from our competitors thanks to a vast distribution network, our experience in managing spare parts and storing and transport methods, and also to our deep knowledge in managing warehouses and implementing highly technological information systems," said Claudio Brun, Director of the Automotive Division. "Furthermore, we are able to offer our Customers maximum flexibility to meet their ever-evolving needs."
For more information:
Sara Faravelli
Marketing & Communication Manager
+39 02 89230270
sara.faravelli@cevalogistics.com
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 billion. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
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.
