CMA CGM, is acquiring nearly 100% of the capital of GEFCO, the automotive logistics and international expert in multimodal supply chain. The acquisition has been submitted to competition authorities for approval. However, as part of a special procedure, the European Commission has authorized CMA CGM to acquire the capital of GEFCO immediately, pending the final approval that will take place in the coming months. The acquisition attempts to strengthen the range of logistics services that CEVA Logistics provides to its customers, especially in France and the rest of Europe. The news follows on from a successful 2021.
CMA CGM’s experience will help to support GEFCO’s transformation, and it hopes to take its performance to the next level. The CMA CGM Group’s intention is for GEFCO to continue operating in a secure regulatory framework, then to boost its development, especially in international markets, by harnessing the Group’s technology and logistics capabilities. GEFCO will benefit in the future from CEVA Logistics’ expertise and network, enabling it to expand both its business and its customer portfolio. The addition of GEFCO means that CEVA Logistics hopes to continue expanding around the world and strengthening its position in key markets, especially France and the rest of Europe.
With particular expertise in finished vehicle logistics, the company plays a key role in keeping European automotive production lines running. GEFCO intends to pursue its strong cooperation with its partners, including Stellantis. The logistics provider has been operating for over 70 years now and also has customers in the aerospace, pharmaceuticals, energy and retail sectors. GEFCO has built a network spanning 47 countries and employs around 11,500 staff around the world – with more than 2,500 of them in France.
CMA CGM is pressing ahead with its strategic development in logistics. With the deal to acquire GEFCO, CMA CGM is moving forward with its plan to develop and provide end-to-end shipping and logistics solutions in order to support its customers’ supply chains. The Group recently announced the completion of the acquisition of Ingram Micro’s Commerce & Lifecycle Services (CLS) and of Colis Privé. These deals have accelerated the development of CEVA Logistics in e-commerce and in key market segments, such as technology, retail and fashion.
Source: CMA CGM
