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The CMA CGM It was revealed in a statement issued on Friday morning JEFCOactive in the field of automotive logistics and multimodal supply chain, It owns 100% of its capital.
The acquisition was submitted to the competition authorities for approval. However, as the CMA CGM explained, the European Commission mandated the CMA CGM in a special procedure to: Immediately obtain the capital of JEFCOawaiting final approval in the following months.
For those who did not follow the story, a special action was introduced due to the Russian shareholders of GEFCO.
CMA CGM is already the owner of CEVA Logistics and its expertise and network are said to be used for the benefit of GEFCO. Indeed, according to a CMA CGM statement, GEFCO will be merged into CEVA Logistics.
According to CMA CGM, this move “Creates the world’s largest automotive logistics providerIt cements CEVA’s leading position in contract logistics. The acquisition is also said to support the company’s plan to develop and provide complete transportation and logistics solutions.
Plans also include promoting GEFCO’s development, particularly in international markets, and leveraging the group’s technological and logistical capabilities.
JEFCO has been in business for more than 70 years and has clients in the aviation, pharmaceutical, energy and retail sectors. It has built a network of 47 countries and employs around 11,500 people worldwide – over 2,500 in France.
