CMA CGM committed to purchasing Bolloré Group’s transport, logistics operations

  • CMA CGM is set to reinforce its logistics expertise in differentiating, high-value industry verticals.
  • With Bolloré Logistics, CMA CGM Group’s logistics activities would become a Top Five global logistics player.
  • CMA CGM Group’s diversification into logistics accelerates.

The CMA CGM Group granted a put option to the Bolloré Group to sell the transport and logistics operations of Bolloré Logistics. The put option was granted at the end of the period of exclusive discussions announced on April 18. Bolloré Group has accepted the proposal as a put option. The transaction’s final completion remains subject to the examination by employee representation and customary regulatory approvals. If the acquisition is finalized, it would significantly strengthen the CMA CGM Group’s logistics business and make it a top-five player in global logistics.

Capabilities scaled up to form a world leader in transport, logistics

The combined operations of the CMA CGM Group’s logistics activities and Bolloré Logistics would have combined revenues of approximately USD 24 billion (based on 2022 results). Following the acquisitions of Ingram Micro Commerce & Lifecycle Services and Colis Privé, then of GEFCO, which boosted CEVA’s capabilities in eCommerce contract logistics and automotive logistics respectively, the acquisition of Bolloré Logistics would further strengthen the sea and air freight activities of the Group’s logistics division. The combined entity would have an annual shipping volume equivalent to more than 2 million TEUs of sea freight and 0.8 million tons of air freight.

The CMA CGM Group already operates in more than 160 countries, with 155,000 employees. This deal would add more than 14,000 new employees operating out of 350 offices in 63 different countries.

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The Group’s warehouse space would increase by more than 900,000 square meters at 115 different warehouses, in addition to the 10.3 million square meters already managed by CEVA at its 900 warehouses around the world. The acquisition would also open up access to major logistics hubs, especially in France and Asia.

 Expertise boosted in high-value-added sectors

With the addition of Bolloré Logistics, the CMA CGM Group and its subsidiary, CEVA Logistics, would gain further expertise in high-value sectors in sea and air freight management and contract logistics. Bolloré Logistics is currently a world leader in transport and logistics solutions for the luxury goods, fragrances and cosmetics, healthcare, aerospace and defence sectors. The experts set to join the CMA CGM Group have built up a roster of top-tier customers, including some of the top names in the French industry and other leading multinationals, which CEVA Logistics would strive to continue serving.

 A game-changing acquisition for CMA CGM’s diversification into logistics

For the CMA CGM Group, this acquisition would represent a major step forward in its development of a full range of solutions supporting customers’ supply chains through handling end-to-end transport and logistics. The deal would be the largest since the CMA CGM Group was founded in 1978 and would represent a major strategic milestone in the Group’s development of its logistics activities, which the Group has been building since 2019, alongside the original CMA CGM shipping business.

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.