French ocean shipping and logistics firm CMA CGM Group said Wednesday it will acquire most of the ecommerce and life cycle unit of technology distribution giant Ingram Micro for US$3 billion, a move designed to deepen CMA CGM’s footprint in the logistics business and build end-to-end supply chain solutions for its customers.
CMA CGM said the assets will be combined with those of Ceva Logistics, the contract logistics firm it acquired in 2019. CMA CGM said it paid for the Ingram Micro assets with...