CMA CGM Group strengthens strategic logistics development with GEFCO acquisition

The CMA CGM Group, a world leader in shipping and logistics, officially announced on April 8th,  acquisition of nearly 100% of the capital of GEFCO, European leader in 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 will 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. With GEFCO, our subsidiary CEVA will become the world leader in automotive logistics, having recently enhanced its capabilities in e-commerce logistics with the acquisition of Ingram Micro CLS, commented Rodolphe Saadé, Chairman and CEO of the CMA CGM Group.