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CMA and Ceva outline new partnership
[ October 26, 2018 // Chris ]CEVA Logistics and CMA CGM say they will broaden their strategic partnership and sign a new relationship agreement. It follows the shipping line’s decision to take a stake of up to a third in the logistics company and the rejection of a rival offer from competitor DSV.
The partners said the agreement would allow CEVA Logistics to accelerate its transformation by bringing CMA CGM’s operational expertise and its experience in corporate transformations to help CEVA achieve its recovery plan faster and more efficiently.
It would also create new commercial opportunities
CMA CGM will transfer its freight management activities to CEVA Logistics and support investment in CEVA Logistics’ digital and IT transformation.
CMA CGM chief executive Rodolphe Saadé, declared: “We are convinced of CEVA Logistics’ potential. This industrial cooperation will make it possible to accelerate its required transformation and to make it a more profitable and efficient leader in logistics for the benefit of its clients, its employees and its shareholders. It reconfirms CMA CGM as the reference shareholder as well as its long-term partner”.