CMA CGM Group to buy majority stake in Colis Privé

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Shipping and logistics provider Compagnie Maritime d’Affrètement et Compagnie Générale Maritime (CMA CGM) Group is to acquire a 51% stake in French consumer delivery company Colis Privé from the Hopps Group. The agreement also gives CMA CGM the option of raising its interest in Colis Privé at a later date.

Colis Privé has a customer portfolio consisting of approximately 200 e-commerce companies. The addition of Colis Privé will, therefore, increase CMA CGM’s logistics subsidiary CEVA Logistics’ service offering in e-commerce and in last-mile deliveries to consumers. Completion of the deal is contingent upon clearance from the competition authorities, with the final terms subject to consultation of the various relevant employee representative bodies.

In addition, the CMA CGM Group intends to accelerate the development of Colis Privé at an international level. This announcement comes shortly after the group’s recent acquisition of Ingram Micro’s Commerce & Lifecycle Services (CLS) business, to strengthen its existing e-commerce operations in technology, retail and fashion.

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 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.”

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