Archives



Business, Forwarding, Freight News, Logistics


CMA CGM in talks to buy Bolloré Logistics

[ April 18, 2023   //   ]

The CMA CGM Group says it has entered into exclusive negotiations to acquire the transportation and logistics activities of fellow French group Bolloré.

It says the move is in line with its long-term strategy, based on the two pillars of shipping and logistics and to offer end-to-end for its customer’s supply chain needs.

Bolloré Group itself has made several acquisitions in the logistics sector over the years and its activities included French global forwarder SDV, since rebranded as Bolloré Logistics. In 1999, it purchased UK West African specialist shipping line OTAL and its land transport network in Africa.

Bolloré Logistics has 600 branches and hubs worldwide alongside Bolloré Ports active in container terminal concessions, cargo handling and shipping.

The wider Bolloré Group is also active in media and electricity storage and generation.

Tags: