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CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. [7]The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively.
CEVA Logistics is a global logistics and supply chain company that operates both freight management and contract logistics.It was purchased by the CMA CGM group in 2019. Since this purchase, CMA CGM has acquired other logistics and transportation companies to merge with and develop CEVA Logistics, such as Ingram Micro Commerce & Lifecycle Services and GEFCO.
On May 8, 2023, Bolloré Group received an option from CMA CGM Group to acquire 100% of Bolloré Logistics for an enterprise value of €5 billion; this action is the result of special negotiations announced on 18 April 2023 between Bolloré Group and CMA CGM Group. [6] The acquisition was carried out in February 2024.
China Merchants Port acquired a 49% “advantageous stake” in Terminal Link in 2013, which is the subsidiary of CMA CGM, the name of two predecessor companies combined, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), the world's third-largest container shipping company in France.
American President Lines, LLC (APL, formerly American President Lines Ltd.), is an American container shipping company that is a subsidiary of French shipping company CMA CGM. It operates an all-container ship fleet, including nine U.S. flagged container vessels.
In April 2018, under the leadership of Rodolphe Saadé, the Group took a 25% stake in Ceva Logistics at the time of its initial public offering. One year later, CMA CGM launched a public takeover bid for the company. With this acquisition, CMA CGM creates a global transport and logistics group.
[citation needed] Delmas was bought by CMA CGM Group from the Bolloré Group for €470 million in 2005, and fully integrated into its parent in March 2016. The company operated a fleet of 49 vessels with a collective capacity of 63,000 twenty-foot equivalent units (TEU), [ 1 ] on 15 routes between Europe, Africa and the Indian Ocean .
[5] [6] The PANYNJ currently contracts CMA CGM to operate a container terminal on the site. [7] [8] The facility is 187 acres (76 ha) in size, but there have been plans for expansion with the acquisition in 2001 of the adjacent 124-acre (50 ha) Port Ivory, a former shipping port operated by Procter & Gamble. [9]