CMA CGM to buy controlling stake in Colis Privé

International shipping and logistics giants CMA CGM have announced plans to buy a 51% controlling stake in leading French last mile delivery player Colis Privé from its current owners HOPPS Group.

Under the deal as agreed, CMA CGM will have options to increase its stake in future. The offer is subject to regulatory approval and that of employee representative bodies. It would support Switzerland based 3PL CEVA Logistics that the shipping giant bought a couple of years ago.

Colis Privé is a leading last mile delivery player, having delivered more than 70 million parcels in France, Morocco, Belgium and Luxembourg in the last year. It recently announced plans to expand its activities into the Netherlands this year too. It owns more than 200 e-commerce companies that send parcels through its network.

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.”

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