Shipping and logistics specialist CMA CGM is set to acquire home and relay parcel delivery company Colis Privé.
The shipping giant has entered into a preliminary agreement to purchase a 51% stake from the HOPPS Group in the Colis Privé Group.
Completion of the deal, with the final terms subject to consultation of the various relevant employee representative bodies, will strengthen the presence of CEVA Logistics, CMA CGM’s logistics subsidiary, in e-commerce services, particularly last-mile deliveries.
Colis Privé now has a customer portfolio consisting of more than 200 e-commerce companies, including international market leaders.
Rodolphe Saadé, Chairman and CEO of the CMA CGM Group said: “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.”
Adding Frédéric Pons and Eric Paumier, co-founders of Colis Privé said: “[the acquisition]will enable Colis Privé to accelerate its development in France and internationally thanks to the synergies and complementarities with the activities of CEVA Logistics.”