The Competition Board Authorized the Acquisition of Borusan Tedarik by Ceva, Subject to the Conditions Submitted (28.10.2025)

The Competition Board (Board) authorized the acquisition of Borusan Tedarik Zinciri Çözümleri ve Teknoloji AŞ (BORUSAN TEDARİK), which operates in the field of logistics and supply chain, by CEVA Corporate Services (CEVA), which is under the control of CMA CGM S.A. (CMA CGM), subject to the commitments submitted during the preliminary examination process.

The assessment done by the Board found that the transaction could lead to a significant lessening of effective competition in the market as per Article 7 of the Act no 4054 on the Protection of Competition. 

In order to eliminate the anti-competitive concerns identified as a result of the transaction, CEVA submitted a commitments text including behavioral remedies. In that framework, the following commitments are made:

  • During the one year period following the conclusion of the transaction, customers who wished to change providers will receive services for a 12-month transition period if requested,
  • Transition period services for 12 months will be similarly offered to customers whose contracts expires before 31.12.2025,
  • For a period of two years following the conclusion of the transaction, if requested by the competitors, the merged undertaking will offer its existing distribution network system to the relevant competitors under fair, reasonable and non-discriminatory conditions.
  • For a period of one year following the conclusion of the transaction, all contracts between the merged undertaking and its existing customers shall remain fully in force, uninterrupted, and without any modifications to their existing terms and conditions,
  • A provision granting cancellation rights to customers will be added to the existing agreements of the merged undertaking, as well as to new agreements signed within a period of one year following the conclusion of the transaction, subject to a notification period of at least three months, the transition period services will be provided to any customer who exercises these cancellation rights, and amendments to the agreements to be revised will be documented to the Authority within 120 days following the conclusion of the transaction,
  • For a period of one year following the conclusion of the transaction, the merged undertaking will not increase its prices for domestic transportation and storage beyond what is specified in the existing terms of the agreement,
  • For a period of two years following the conclusion of the transaction, customers will not be required to purchase different contract logistics services, particularly storage and distribution, together.
  • The merged undertaking will announce all of its commitments on its website, inform the public about the commitments, and will send information notices to those customers which hold service contracts with the merged undertaking within thirty days following the conclusion of the transaction,
  • Within thirty days following the conclusion of the transaction, an independent auditor approved by the Authority will be appointed, who will prepare reports on the compliance of the merged undertaking with the commitments every six months, for a period of two years.

The Board decision dated 23.10.2025 and numbered 25-40/967-560 states that the commitments offered by CEVA sufficient to eliminate the competitive problems caused by the transaction, quickly implementable and effectively applicable, and thus the transaction should be authorized within the framework of the commitments in question. It also notes that the relevant behavioral commitments will constitute obligations, and if those obligations are violated, administrative fines may be imposed on the parties as specified under Article 17 of the Act no 4054 on the Protection of Competition.