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CMA CGM Group announces acquisition of Bolloré Logistics

The acquisition of Bolloré Logistics is CMA CGM’s largest in its 46-year history to date

Logistics and port company CMA CGM Group has announced it has completed the acquisition of Bolloré Logistics.

CMA CGM Group has bought the fellow logistics business for 4.85 billion Euros, with CMA CGM Group acquiring Bolloré Logistics Sweden, pending investment clearance in Sweden.

Bolloré Logistics is a leading transport and logistics company in France, being one of the major global players in the logistics industry.

Having achieved a turnover of 7.1 billion Euros in 2022 and transported 710,000 TEUs of ocean freight, Bolloré also transported 390,000 tonnes of air freight with a storage capacity of 900,000 square metres in 2022.

The acquisition of Bolloré is CMA CGM’s largest acquisition since its foundation in 1978, constituting a major step in its logistics development strategy while complementing its historical maritime transport line of business.

“I would like to thank the Bolloré Group for the trustful dialogue we have established over the past few months to successfully finalise this acquisition,” CMA CGM Group Chairman and CEO Rodolphe Saadé says.

“Within the CMA CGM Group, we are proud to welcome a French flagship built on years of work and experience. The new entity, made up of CEVA and Bolloré Logistics, is the world’s number five in its sector.

“We will now be able to offer our customers a complete range of services and extend our expertise to new businesses. On behalf of the CMA CGM Group and my family, I would like to welcome the 14,000 employees who are joining us. Together, we will combine our talents and accelerate our development.”

Bolloré Group CEO and Chairman Cyrille Bolloré says the acquisition is the beginning of a new chapter for Bolloré and its employees.

“I am very pleased that we are joining the CMA CGM Group and the Saadé family – they will bring unique expertise and know-how,” Bolloré says.

“It is also a great opportunity for our customers around the world and I would like to take this opportunity to thank them for their trust and loyalty.”

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