Highlights: The maritime carrier CMA CGM becomes the fifth global logistician. This acquisition, the most important since the creation of the Marseille group in 1978, now makes it the fifth largest logistics company in the world. The sale of logistics activities comes for Vincent Bolloré after that of its African terminals to the Italian-Swiss maritime carrier MSC, in 2022. The Breton dynasty rather seems to want to concentrate on the media and publishing, notably via the giant Vivendi, Canal+, the Havas group, or even Editis.

The maritime carrier CMA CGM, headed by Rodolphe Saadé, has finalized its purchase of Bolloré Logistics for nearly five billion euros. This acquisition, the most important since the creation of…

The maritime carrier CMA CGM becomes the fifth global logistician

The maritime carrier CMA CGM, headed by Rodolphe Saadé, has finalized its purchase of Bolloré Logistics for nearly five billion euros.

This acquisition, the most important since the creation of the Marseille group in 1978, now makes it the fifth largest logistics company in the world.

The container ship of the French amateur CMA-CGM.

(Illustrative image).

By: RFI Follow

This is the end of Bolloré Logistics.

This Thursday, the maritime carrier CMA CGM announced

that it had finalized the acquisition of the logistics subsidiary

of Breton billionaire Vincent Bolloré, for 4.85 billion euros, allowing the group to rise to the rank of the fifth logistics provider in the world.

“

We will now be able to offer our clients a complete range of services and extend our expertise to new businesses

,” welcomed the CEO of CMA CGM, Rodolphe Saadé, quoted in a group press release.

The sale of logistics activities comes for Vincent Bolloré after that of its African terminals to the Italian-Swiss maritime carrier MSC, in 2022. The empire of the French billionaire thus puts an end to its historical diversification which dates back to the 1990s. The Breton dynasty rather seems to want to concentrate on the media and publishing, notably via the giant Vivendi, owner of Canal+, the Havas group, or even Editis.

Continue to diversify

For CMA CGM, it is the opposite.

The Marseille carrier

is completing its diversification

into logistics begun in 2018, and therefore acquiring a group of 13,500 employees.

“

The most important acquisition since the creation of the CMA CGM Group in 1978, this operation constitutes a major step in the development strategy of the CMA CGM Group’s logistics activities

,” confirmed the Marseille group in its press release.

CMA CGM has committed

to retaining all jobs

and not carrying out any HR synergies for at least one year.

To comply with certain competition clauses, the group will however have to separate from the activities operated by Bolloré Logistics in Martinique, Guadeloupe and French Guiana.

40% of CMA CGM’s turnover

The activities acquired from Bolloré

complement

those of Ceva Logistics, a company already acquired in 2019, very strongly positioned in the trans-Pacific market and the transport of industrial products, in particular finished vehicles (automobiles, trucks, etc.) and computer equipment.

Bolloré Logistics is more focused on France, transatlantic trade and Asia-Europe.

It specializes in the transport of high value-added products, such as luxury products, perfumes, cosmetics and aerospace.

Thanks to the acquisition of Bolloré Logistics, the turnover of the logistics division should in the future represent 40% of that of CMA CGM, with 21.5 billion dollars.

Read alsoRodolphe Saadé, discreet billionaire of the French CMA CGM empire

(

And with

AFP)

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The maritime carrier CMA CGM becomes the fifth global logistician

The maritime carrier CMA CGM becomes the fifth global logistician

Continue to diversify

40% of CMA CGM’s turnover

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