The CMA CGM Group has strengthened its automotive logistics capability with the acquisition of nearly 100% of the capital of GEFCO, which it describes as a European leader in automotive logistics and an international player in multimodal supply chain.
The acquisition is subject to competition authority approval.
Rumours about the deal have been circulating for some time – and as part of a special procedure, the European Commission has authorised the company to acquire the capital of GEFCO immediately, pending the final approval that will take place in coming months.
The deal is designed to strengthen the range of logistics services that CEVA Logistics, CMA CGM’s logistics subsidiary, provides to its customers, especially in France and the rest of Europe.
“The acquisition of GEFCO represents a further step in our development strategy and strengthens our position as a global player in transport and logistics,” said Rodolphe Saadé, chairman and CEO of the CMA CGM Group.
With GEFCO, the Group’s subsidiary, CEVA, would become a global player in automotive logistics, he added. “We have recently enhanced its capabilities in e-commerce logistics with the acquisition of Ingram Micro CLS.”
GEFCO, a French company, specialises in contract logistics and the automotive segment - with particular focus on finished vehicle logistics
The logistics provider has been operating for more than 70 years and also has customers in the aerospace, pharmaceuticals, energy and retail sectors.
With the GEFCO acquisition, the CMA CGM Group is taking its end-to-end shipping and logistics aspirations to a new level.
