CMA CGM is strengthening its supply chain capabilities in contract logistics and e-commerce fulfilment with the planned acquisition of ‘most’ of US-based Ingram Micro’s contract logistics business (CLS). The deal includes order fulfillment platform Shipwire and its operations in North America, Europe, Latin America and Asia Pacific.
The transaction, valued at US$3 billion, is expected to propel CEVA Logistics to fourth largest provider of contract logistics services, with the CLS business complementing its existing ecommerce capabilities and accelerating further growth in key market segments, including technology, retail and fashion.
The CLS business has a strong base in contract logistics with excellent e-commerce capabilities including reverse logistics management, parcel visibility, and same-day delivery.
The combined workforce of the two companies will constitute approximately 90,000 people across nearly 1,100 sites in 160 countries. CMA CGM Group said it plans to use its own resources, with the deal expected to close during the first half of 2022. The remaining portions of the existing CLS business will be retained by Ingram Micro, the company noted.