CEVA Logistics AG: CEVA Logistics announces blockchain-based technology partnership with IBM and Maersk

CEVA Logistics AG / Key word(s): Miscellaneous
CEVA Logistics announces blockchain-based technology partnership with IBM
and Maersk

10.08.2018 / 07:00

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CEVA Logistics announces blockchain-based technology partnership with IBM
and Maersk

Baar, Switzerland - 10 August 2018 - As part of CEVA's longterm
digitalisation initiative, the company announces a partnership with IBM and
Maersk. TradeLens - the joint solution - is based on blockchain technology
and increases levels of transparency and visibility along the customers'
supply chain.

CEVA constantly reviews, assesses and audits concepts in the market such as
blockchain to determine how they might be applied in the company's network.
Identifying applicable areas in supply chain management in order to increase
value for its customers, has always been a key CEVA objective. The new
partnership with IBM and Maersk is the first result of this work.

CEVA becomes one of more than 90 organisations worldwide involved in the
TradeLens global solution which also includes more than 20 port and terminal
operators, customs authorities and 3PLs. TradeLens enables multiple trading
partners to collaborate by establishing a single shared-view of a
transaction without compromising details, privacy or confidentiality. It
aims to establish strong, connected networks which work to a global standard
for all parties.

"This strategic partnership with IBM and Maersk provides CEVA's answer to
the untapped potential of blockchain applications in the logistics
industry," says Xavier Urbain, CEO of CEVA Logistics. "We see high potential
in TradeLens because of the real-time access it provides to all partners in
the supply chain. It is a big step forward toward establishing a market
standard for blockchain solutions. With our integrated network in Freight
Management and Contract Logistics, combined with our global footprint and
state-of-the-art IT capabilities, we will contribute significantly to both
our own digitalization strategy going forward and those of the industry,"
adds Urbain.

Other initiatives are in the pipeline and are currently being evaluated and
expected to start delivering solutions in the coming months. In addition to
this, the commercial cooperation between CEVA and its anchor shareholder CMA
CGM will impact the digitalization efforts of both companies with talks
already under way to discuss potential synergies.



For additional information please contact:


Investors:
Pierre Benaich
SVP Investor Relations
[e-mail]
[phone]

Media:
Matthias Hochuli
Group Head of Marketing and Communications
[e-mail]
[phone]

Cathy Howe
Pilot Marketing
[e-mail]
Tel: [phone]

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.