The completion of the deal is contingent upon clearance from the competition authorities, while the final terms are also subject to consultation of the various relevant employee representative bodies.
In a statement, CMA CGM said the deal would strengthen the presence of CEVA Logistics, its logistics subsidiary, in e-commerce services, especially last-mile deliveries.
Colis Privé, a specialist in home and relay deliveries to consumers, was founded in 2012. Since then, it has delivered more than 70 million parcels right across France via its network of nearly 110 regional branches. Colis Privé has also established a presence in Belgium, Luxembourg, and Morocco, and has announced the upcoming launch of its activities in the Netherlands.
Moreover, the company has a portfolio consisting of more than 200 e-commerce firms, some of whom are “international market leaders”.
In addition, the CMA CGM Group has said it intends to accelerate the development of Colis Privé, especially at the international level, by “leveraging its global presence and its first-class technological and logistics expertise”. As a result, Colis Privé will gain the benefit of CEVA Logistics’ expertise and network to expand both its business and its customer portfolios.
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.”