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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.
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.
Two years later in 1998 came the acquisition by CMA of the National Australian Line ANL and in the following year 1999 merger of CMA and CGM and creation of the CMA CGM Group. [9] In 2006, Saadé concluded the acquisition of DELMAS and the CMA CGM Group became the third-largest shipping Group in the world. Three additional acquisitions were ...
On 28 June 2016, CMA CGM said it will proceed to delist NOL, after it crossed the 90 per cent ownership threshold in the company and NOL was subsequently delisted on 5 September 2016. [ 4 ] [ 12 ] In May 2017, less than a year after the NOL acquisition, CMA reported turning a net profit of $26 million from the NOL business in the first quarter ...
After being managed by STEF, the passenger ferry operator was acquired in May 2023 by the CMA CGM Group. [1] [2] The company's three vessels serve the Corsican ports of Bastia, Ajaccio and Propriano, and Porto Torres in Sardinia. The fleet is exclusively composed of mixed vessels (freight and passengers).