May 08, 2023
• CMA CGM set to reinforce its logistics expertise in differentiating, high-value industry verticals.
• With Bollore Logistics, CMA CGM Group's logistics activities would become a Top Five global logistics player.
• CMA CGM Group's diversification into logistics accelerates.
Today, the CMA CGM Group granted a put option to the Bollore Group to sell the transport and logistics operations of Bollore Logistics.
The put option was granted at the end of the period of exclusive discussions announced on April 18. Bollore Group has accepted the proposal as a put option. Final completion of the transaction remains subject, first, to the examination by employee representation, and then to customary regulatory approvals.
If the acquisition is finalized, it would significantly strengthen the CMA CGM Group's logistics business and make 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 Bollore Logistics would have combined revenues of approximately USD24 billion (based on 2022 results). Following the acquisitions of Ingram Micro Commerce & Lifecycle Services and Colis Prive, then of GEFCO, which boosted CEVA's capabilities in eCommerce contract logistics and automotive logistics respectively, the acquisition of Bollore 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.
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 Bollore Logistics, the CMA CGM Group and its subsidiary, CEVA Logistics, would gain further expertise in high-value sectors, both in sea and air freight management and in contract logistics. Bollore Logistics is currently a world leader in transport and logistics solutions for the luxury goods, fragrances and cosmetics, healthcare, aerospace and defense sectors.
Image by CMA CGM
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 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.
CMA CGM press release