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CMA CGM Group takes majority stake in B2C player Colis Privé
CMA CGM Group has entered into a preliminary agreement to acquire a majority stake in the Colis Privé Group
The container shipping giant will acquire a 51% stake from HOPPS Group in the Colis Privé Group, a B2C distribution specialist.
The French carrier said the agreement includes the option of increasing its stake in the future, and the acquisition is part of a broader strategy to build an end-to-end logistics network with CMA CGM’s logistics subsidiary CEVA Logistics.
With a customer portfolio of over 200 e-commerce companies, Colis Privé specialises in home and relay deliveries to consumers and has established a presence in Belgium, Luxembourg and Morocco and is about to launch its activities in the Netherlands. CMA CGM said over the last decade, the company has delivered more than 70M parcels across France via its network of nearly 110 regional branches.
Group chief executive Rodolphe Saadé said, “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. By leveraging the global presence of our subsidiary CEVA Logistics, our ambition is to develop Colis Privé internationally, starting with Europe where the company is already established.”
Co-founders of Colis Privé Frédéric Pons and Eric Paumier said the CMA CGM acquisition will allow Colis Privé to accelerate its development in France and internationally.
“We are particularly proud to build, with CMA CGM, a logistics hub of excellence based in Marseille that contributes to the local economic influence worldwide.” Colis Privé’s teams will be led by chief executive Jean-Philippe Bergougnoux.
The completion of the deal is subject to clearance from the competition authorities and all other relevant authorities.
CMA CGM Group continues to expand into logistics to provide and develop end-to-end services. In December, the Group announced the acquisition of Ingram Micro’s Commerce & Lifecycle Services business to strengthen CEVA Logistics’ existing e-commerce operations and boost its growth in the retail, fashion and technology segments.
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