Technogym selects CEVA as its Lead Logistics Provider in the Middle East
08 April 2009 - 10:00 CET
Dubai, United Arab Emirates - 8 April 2009 - CEVA Logistics, one of the world's leading supply chain companies, has signed an agreement with Technogym - a world leader in the design of fitness equipment with a turnover of more than €400 million. The agreement includes the import of professional gym equipments to the United Arab Emirates and management of warehousing operations for the Middle East.In addition, CEVA will take charge of Technogym's home delivery operations, product assembly and business installation services to gyms and sporting venues in the region. As part of the agreement, CEVA will dedicate 1,400 m2 of its warehouse space in the Jafza region of Dubai exclusively to Technogym. A special fleet of vehicles will support the entire operation, which is expected to handle 13,000 products per year.
Christian Dietrich, Managing Director, Technogym Emirates L.L.C said that "Technogym is pleased to select CEVA as its logistics provider in the Middle East. Our business continues to grow and expand in the UAE. We are confident of CEVA's ability to deliver our products and manage the day-to-day logistics thus supporting us meet Technogym's goals in the region".
"CEVA is well placed to support Technogym's requirements by providing great customer service and ensuring that their products are delivered directly to their door step", commented Gianfranco Sgro, President of CEVA Logistics, South Europe, Middle East and Africa. "CEVA has tailored a number of logistic solutions to help support Technogym's needs, which is one of the reasons they decided to take us on board. We will continue to do our utmost to meet their expectations and help them tackle their business challenges."
For further information:
Wade Thompson
Dubai, United Arab Emirates.
Tel: +971 4 886 0399
Email: Wade.Thompson@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 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. For more information, please visit www.cevalogistics.com
Technogym -The Wellness Company:
With a turnover of more than €400 million, Technogym continues to be the leading provider of premium fitness appliances in Middle East, Europe, Asia and South America, and among the top 3 in the world. An innovative vision and a staunch commitment to promoting a better lifestyle through regular physical activity, a healthy diet and a positive mental approach is how Technogym defines Wellness. For more information, please visit www.technogym.com.
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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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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 annual and quarterly reports, available on the Company's website. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
