Independent journal on economy and transport policy
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CMA CGM buys a large part of Ingram Micro's Commerce & Lifecycle Services business unit
Transaction worth three billion dollars
December 9, 2021
The maritime group has announced that the value of the transaction, which is expected to be completed in the first semester of next year, it will be 3.0 billion dollars and that the acquisition includes the technology platform based on Shipwire cloud and shipping activities in North America, Europe, Latin America and Asia-Pacific, while the remaining activities of CLS will remain at Ingram Micro. In addition CMA CGM has specified that the acquired assets represent revenue expected to be $1.7 billion in 2021 and include 11,500 operational workers in 59 logistics facilities mainly in the USA and Europe.
With the acquisition, the transalpine group will strengthen considerably its own logistics company CEVA Logistics, acquired in 2019 ( of'8 April 2019), which, thanks to a presence in about 1,100 sites of 160 nations, will have a workforce of about 90,000 people. "After completing this year's plan of restructuring - underlined the president and director CMA CGM Delegate, Rodolphe Saadé - CEVA Logistics will accelerate its development and join the four world leaders in contract logistics. Its location will be significantly strengthened in the US and European markets, increasing their ability to seize opportunities offered by the boom in e-commerce».
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The maritime group has announced that the value of the transaction, which is expected to be completed in the first semester of next year, it will be 3.0 billion dollars and that the acquisition includes the technology platform based on Shipwire cloud and shipping activities in North America, Europe, Latin America and Asia-Pacific, while the remaining activities of CLS will remain at Ingram Micro. In addition CMA CGM has specified that the acquired assets represent revenue expected to be $1.7 billion in 2021 and include 11,500 operational workers in 59 logistics facilities mainly in the USA and Europe.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
