EU Approves CMA CGM Acquisition


The CMA CGM Group has announced that the European Commission has approved the acquisition of sea carrier OPDR and officially joined the CMA CGM Group on July 1, 2015.

In order to finalise the acquisition, which was announced on November 25, 2014 by Mr Jacques R. Saadé, Founder, Chairman and CEO of the CMA CGM Group, the approval of Moroccan and European Union competition authorities was necessary.  

OPDR specialises in short-sea maritime services and door-to-door logistics solutions between Northern Europe, the Canary Islands, the Iberian Peninsula and Morocco.

OPDR and MacAndrews, Europe’s oldest sailing company, which was acquired by CMA CGM in 2002, capacities combination are in line with the densification of the regional network strategy of CMA CGM and will reinforce its European offer.

Farid T. Salem, Executive Officer of the CMA CGM Group: “This new acquisition reinforces the group’s presence on the growing European short sea transport. It is in line with the CMA CGM group’s densification of the regional network strategy that started with the acquisition of MacAndrews in 2002.

“As we did with this subsidiary, we want to maintain OPDR, develop it and create new interactions with MacAndrews and with the CMA CGM Group.”

Fact File: CMA CGM is a world-leading shipping group. Its 468 vessels call at more than 400 ports in the world, on all five continents. In 2014, they carried 12.2 million TEU. CMA CGM has grown continuously, with a presence in 150 countries, through its network of 655 agencies, the group employs 20,000 people worldwide, including 2,400 in its headquarter in Marseilles, France.

(Source: CMA CGM / Facebook)

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