CMA CGM closes its acquisition of two major logistics firms

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Stade, Germany – May 8, 2021: CMA CGM Montmartre, one of the  largest container vessels powered by Liquid Natural Gas, on Elbe river heading to Hamburg,

CMA CGM has finalised its acquisitions of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities and Colis Privé.

The group’s logistics subsidiary CEVA Logistics initially signed a $3 billion deal to acquire most of Ingram Micro’s CLS business in December 2021.

The agreement included Shipwire and the firm’s CLS activities in North America, Europe, India, and certain countries in Latin America.

Activities in Asia-Pacific, Mexico, and Costa Rica are set to close in the near term.

According to CMA CGM, this operation enables the group to strengthen its capabilities in contract logistics and eCommerce, making CEVA Logistics the fourth-largest global player in contract logistics services.

The group has also finalised its acquisition of 100 per cent of Colis Privé, a player in last mile, smaller parcel logistics.

The move will enable CEVA Logistics to accelerate the growth of its eCommerce service offering, particularly in last mile delivery in France.

In other recent news, CMA CGM has published its 2021 annual financial results, reporting revenues of $56 billion.

The sum shows a 78 per cent increase over the group’s 2020 financial results and was driven mainly by its shipping activities.

In terms of CMA CGM’s shipping activity, in 2021, volumes carried amounted to 22 million TEU, up 5 per cent over 2020 which was negatively impacted by the COVID-19 pandemic.

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