CMA CGM outlines CEVA Logistics vision

CMA CGM outlines CEVA Logistics vision

French line CMA CGM and potential new acquisition CEVA Logistics have outlined how the pair intend to grow together, albeit as separate brands. CMA CGM yesterday gave more details of its planned takeover of the logistics outfit.

Under the new plans CEVA will take over CMA CGM’s freight management activities called CCLog, following the settlement of the public tender offer

The two companies’ interaction post-acquisition will be based on an “arm’s length business relationship”, CMA CGM said, allowing both parties to deliver end-to-end supply chain solutions to their clients on competitive terms.

Rodolphe Saadé, chairman and CEO of CMA CGM, declared: “We are convinced of CEVA’s potential. This industrial project will make it possible to speed-up its transformation and to make it a more proficient leader of logistic (sic), to the benefit of its clients, its employees and its shareholders.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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