CMA CGM: our ambition is to develop Colis Privé internationally
The CMA CGM Group, a global shipping and logistics specialist has announced that it has entered into a preliminary agreement to acquire a 51% stake from the HOPPS Group in the Colis Privé Group, France’s express delivery specialist. The agreement also gives CMA CGM the option of raising its interest in Colis Privé at a later date.
Completion of the deal, which is contingent upon clearance from the competition authorities, with the final terms subject to consultation of the various relevant employee representative bodies, will strengthen the presence of CEVA Logistics, CMA CGM’s logistics subsidiary, in e-commerce services, especially last-mile deliveries.
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, commented: “The acquisition of a majority stake in Colis Privé is an important step in the development strategy of our logistics activities. 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.”
Frédéric Pons and Eric Paumier, co-founders of Colis Privé, added: “We are very pleased with the prospect of this operation with CMA CGM, a world leader in transport and logistics. It will enable Colis Privé to accelerate its development in France and internationally thanks to the synergies and complementarities with the activities of CEVA Logistics. 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.”