MARSEILLE: April 10, 2019. CMA CGM has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16.

“This successful transaction marks a major milestone in the history of CMA CGM’s growth,” declared company chairman and CEO Rodolphe Saadé. “With Ceva, CMA CGM has confirmed its position as a leading worldwide maritime transport and logistics group, supported by a team of 110,000 employees. We can now offer our customers a complete range of solutions that meet all their needs and set us apart from the competition.”

A successful merger will produce a US$30 billion maritime-based logistics business providing LCL, airfreight, purchase order management, contract logistics and Customs clearance services in 160 countries.

CMA CGM says it is now going to set up a Ceva management operations centre in Marseilles to invest in IT and digital technology; refocus local teams on customer service and a more balanced segmentation; streamline the corporate organization; and apply targeted and customer-focused marketing.

Pictured: In January this year CMA CGM took delivery of the first of four new 3,500 TEU containerships for its French West Indies service. Three more vessels will be added in 2019 as replacements and upgrades to existing capacity.