FOLLOWING the footsteps of ocean carrier Maersk, cma CGM is investing heavily to become a vertically integrated logistics company, providing the door-to-door services that are traditionally offered by forwarders and 3PLs.
Increasingly, this integrated model includes fulfilment and package delivery for e-commerce companies, giving even small vendors access to a large-scale distribution network.
French shipping giant CMA CGM announced that it is buying a 51 per cent stake in Colis Prive, France's leading player in deliveries to consumers. The deal gives CMA CGM an option to double down and increase its stake later on, reports Fort Lauderdale's Maritime Executive.
Subject to regulatory approval, the acquisition will add to the portfolio of CMA CGM's Ceva Logistics subsidiary. Ceva is the centerpiece of the firm's logistics transformation: in 2019. The carrier spent an estimated US$1.4 billion to 1.6 billion to buy all shares in publicly listed Ceva, then moved it to Marseilles.
Colis Prive gives Ceva/CMA CGM a network of 110 regional branches across France, along with an international presence in Belgium, Luxembourg, Morocco and (coming soon) the Netherlands.
Colis Prive's existing customer base includes more than 200 e-commerce companies, including big names like Alibaba and Haribo. The CMA CGM Group intends to expand Colis Prive internationally, using Ceva Logistics' expertise and its network to boost its business.
'The acquisition of a majority stake in Colis Prive 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 CMA CGM chairman and CEO Rodolphe Saade.
The company also recently announced the purchase of Ingram Micro's Commerce & Lifecycle Services (CLS) business, adding to CEVA Logistics' e-commerce operations.
SeaNews Turkey
Increasingly, this integrated model includes fulfilment and package delivery for e-commerce companies, giving even small vendors access to a large-scale distribution network.
French shipping giant CMA CGM announced that it is buying a 51 per cent stake in Colis Prive, France's leading player in deliveries to consumers. The deal gives CMA CGM an option to double down and increase its stake later on, reports Fort Lauderdale's Maritime Executive.
Subject to regulatory approval, the acquisition will add to the portfolio of CMA CGM's Ceva Logistics subsidiary. Ceva is the centerpiece of the firm's logistics transformation: in 2019. The carrier spent an estimated US$1.4 billion to 1.6 billion to buy all shares in publicly listed Ceva, then moved it to Marseilles.
Colis Prive gives Ceva/CMA CGM a network of 110 regional branches across France, along with an international presence in Belgium, Luxembourg, Morocco and (coming soon) the Netherlands.
Colis Prive's existing customer base includes more than 200 e-commerce companies, including big names like Alibaba and Haribo. The CMA CGM Group intends to expand Colis Prive internationally, using Ceva Logistics' expertise and its network to boost its business.
'The acquisition of a majority stake in Colis Prive 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 CMA CGM chairman and CEO Rodolphe Saade.
The company also recently announced the purchase of Ingram Micro's Commerce & Lifecycle Services (CLS) business, adding to CEVA Logistics' e-commerce operations.
SeaNews Turkey