CMA CGM acquires majority stake in last-mile delivery firm

CMA CGM | Colis Prive

CMA CGM has announced that it is in a preliminary agreement to acquire a 51% stake in the Colis Privé Group.

This deal seeks to strengthen the presence of CEVA Logistics, CMA’S logistics subsidiary, in e-commerce services, especially last-mile deliveries.

The agreement will see the shares obtained from the HOPPS Group and will give CMA CGM the option of raising its interest at a later date.

Completion of the deal is contingent upon clearance from the competition authorities, with the final terms subject to consultation of the various relevant employee representative bodies.

“The acquisition of a majority stake in Colis Privé is an important step in the development strategy of our logistics activities. This operation will enable us to offer end-to-end logistics solutions to our e-commerce customers for whom the last mile is a critical stage,” said Rodolphe Saadé, Chairman and CEO of the CMA CGM Group.

“By leveraging the global presence of our subsidiary CEVA Logistics, our ambition is to develop Colis Privé internationally, starting with Europe where the company is established.”

Colis Privé was initially founded in 2012 and has grown significantly in recent years. It has already established a presence in Belgium, Luxembourg and Morocco, and has recently announced the upcoming launch of its activities in the Netherlands.

Frédéric Pons and Eric Paumier, co-founders of Colis Privé, added: “We are very pleased with the prospect of this operation with CMA CGM, a world leader in transport and logistics. It will enable Colis Privé to accelerate its development in France and internationally thanks to the synergies and complementarities with the activities of CEVA Logistics.

“We are particularly proud to build with CMA CGM, a logistics hub of excellence based in Marseille that contributes to the local economic influence worldwide.”

In December 2021 CEVA Logistics signed a $3 billion deal to acquire most of Ingram Micro’s Commerce & Lifecycle Services.

Ingram Micro’s CLS business will complement CEVA Logistics’ existing e-commerce business and accelerate its growth in key market segments, such as technology, retail, and fashion.

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