CMA CGM has entered into a preliminary agreement to acquire a 51% stake from the HOPPS Group in the Colis Privé Group, a home and relay parcel delivery company.
Completion of the deal is contingent upon clearance from the competition authorities, with the final terms subject to consultation of the various relevant employee representative bodies, according to a statement.
The agreement gives CMA CGM the option of raising its interest in Colis Privé at a later date.
“The acquisition of a majority stake in Colis Privé is an important step in the development strategy of our logistics activities,” stated Rodolphe Saadé, chairman and CEO of the CMA CGM Group, who went on to add, “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.”
Founded in 2012, Colis Privé has delivered more than 70 million parcels across France via its network of nearly 110 regional branches. Its customer portfolio consists of more than 200 e-commerce companies, including international market leaders.
The French specialist in last-mile deliveries has also established a presence in Belgium, Luxembourg, and Morocco, and has announced the upcoming launch of its activities in The Netherlands.
CMA CGM believes that this action is anticipated to strengthen the presence of its logistics subsidiary, CEVA Logistics, in e-commerce services, especially last-mile deliveries, as well as in parcel deliveries to consumers.
Moreover, the Marseille-based shipping company intends to accelerate the development of Colis Privé, especially at the international level, by leveraging its global presence and its technological and logistics expertise. “Our ambition is to develop Colis Privé internationally, starting with Europe where the company is already established,” noted Saadé.
