CEVA Logistics, the group's logistics company shipowner CMA CGM, has signed an agreement with Fnac Darty, Company active in the retail of products for entertainment and leisure, consumer electronics and household appliances, for the creation of a 50:50 joint venture dedicated to e-commerce logistics and the SaaS market. The new company, which will be called Weavenn, will become operational next year after approval by the authorities Competent.

Specifying that the partnership aims to strengthen the position of the two groups in a European market that is valued around to 80 billion euros, with an estimated growth of over 10% per year, CEVA and Fnac Darty pointed out that in the coming Five years the joint venture could generate revenue more than 200 million euros, with an operating margin of two numerics.

"With over a billion order lines in 2022 - has observed the CEO of CEVA Logistics, Mathieu Friedberg - e-commerce has become a central part of the our business and logistical expertise. Collaborating with a industry leaders such as Fnac Darty, recognized for quality of its service to consumers, we can create a solution that benefits of the best technologies and is able to support the market growth, meeting the needs of sellers of e-commerce in terms of efficiency, accessibility, transparency and visibility'.