CMA CGM Group has completed the acquisition of Bolloré Logistics.
The European Commission (EC) approved CMA CGM’s proposed acquisition of Bolloré Logistics, subject to conditions relating to the merger’s ocean freight forwarding services in Martinique, Guadeloupe, and French Guiana. The transfer of Bolloré Logistics Sweden, meanwhile remains subject to CMA CGM obtaining foreign investment clearance in the country.
This is CMA CGM’s largest acquisition since its creation in 1978 and represents a major step in the group’s logistics development strategy.
Rodolphe Saadé, ceo and chairman of the CMA CGM Group, said: “Within the CMA CGM Group, we are proud to welcome a French flagship built on years of work and experience. The new entity, made up of CEVA and Bolloré Logistics, is the world’s number five in its sector. We will now be able to offer our customers a complete range of services and extend our expertise to new businesses.”
