After acquiring GEFCO in 2022, CMA CGM decided that the brand name GEFCO would disappear in favour of CEVA Logistics. GEFCO, originally belonging to Peugeot, is a European leader in automotive logistics.
Gefco
CMA CGM integrates GEFCO into CEVA brand
Following the acquisition of GEFCO by French CMA CGM Group, the European automotive logistics provider’s brand will now become CEVA Logistics.
In particular, CMA CGM’s subsidiary CEVA Logistics announced on 10 January the creation of a dedicated Finished Vehicle Logistics (FVL) organisation as part of GEFCO integration process.
According to a statement, any GEFCO’s remaining business, mostly in contract logistics and ground transportation, is going to integrate into CEVA’s existing operations.
CEVA...
https://container-news.com/cma-cgm-integrates-gefco-into-ceva-brand/
CMA CGM takes over GEFCO proceeding with acquisition strategy
The CMA CGM Group is acquiring nearly 100% of the capital of GEFCO, a European automotive logistics provider and international expert in the multimodal supply chain.
The acquisition has been submitted to competition authorities for approval, but the European Commission authorised CMA CGM to take over the stakes of GEFCO immediately, as part of a special procedure. Hence, now the final approval is pending, which will take place in the coming months, according to the French logistics group.
GEFCO...
https://container-news.com/cma-cgm-takes-over-gefco-proceeding-with-acquisition-strategy/
M&A radar: Who’s next?
That’s the most recurring question in our logistics circles, mainly spanning: targets for the logistics integrators (no concrete rumours so far); which freight forwarder is soon to be targeted (several unreliable suggestions, but some obvious names stand out); an apparent lack of combinations elsewhere in container shipping that brings only hypothetical scenarios to the fore (one is particularly explosive, but the fireworks are for another time).
So here’s a shortlist of some …
The post M&A...
Analysis: CMA CGM + Ceva Logistics – the glamorous couple
Adding fuel to the vertical consolidation fire, on Friday CMA CGM and its 3PL arm Ceva Logistics separately disclosed cracking financials for the year ended 31 December.
And given what we witnessed in just over 10 weeks since the turn of 2020, Q1 ’21 – regardless of typically seasonal considerations – will likely be another unforgettable quarter.
Bless you, Covid-19 (sigh).
Banking corner
The usual, immediate financial engineering angle ensues: we cannot overlook the …
The post Analysis: CMA CGM...
https://theloadstar.com/analysis-cma-cgm-ceva-logistics-the-glamorous-couple/
GEFCO partners with Polestar for home delivery of cars in China
PRESS RELEASE La Défense, France, Mar 02 2021 – GEFCO, the world leader in complex supply-chain solutions and the European leader in automotive logistics is partnering with Polestar, the global premium electric performance car brand to deliver electric cars to individual customers in Shanghai and Beijing. Moveecar, a GEFCO brand focusing on in-life vehicle management, is leading this new business relationship.
“We are very pleased to have been chosen by Polestar in China,” commented …
The post G...
https://theloadstar.com/gefco-partners-with-polestar-for-home-delivery-of-cars-in-china/
M&A radar: 3 targets for DSV Panalpina… why not 30? But only one stands out
For deal-making junkies, the most depressing side of the biggest logistics M&A story in October last year, when DSV was rejected by Ceva Logistics, was the dwindling number of targets left in the marketplace for the Danes.
On a quarterly call with analysts, I distinctively recall management’s defensive attitude at the time. As committed as ever, CEO Jens Bjørn Andersen and CFO Jens Lund were apparently so annoyed with some of …
The post M&A radar: 3 targets for DSV Panalpina… why not 30? But...
https://theloadstar.com/ma-radar-3-targets-for-dsv-panalpina-why-not-30-but-only-one-stands-out/
Hauliers trapped in ports, 150 km queues, and a Catch 22 for business – UK government Brexit ‘plan’ laid bare
Brexit’s continuing comedy of errors may see drivers stranded in ports on both sides of the Channel as a result of the UK government’s ongoing failure to prepare and properly advise.
Head of global and European policy at the FTA Pauline Bastidon told The Loadstar she fears drivers may be caught in a “Catch-22” as a result of divergent no-deal customs processes.
“Under the plans, documentation for Calais-bound exports will be pre-lodged on IT systems, with the idea that …
The post Hauliers...
GEFCO launches global mission control centre
GEFCO, a global provider of complex industrial supply chain services and European leader in finished vehicle logistics, has announced the launch of its dedicated Mission Control Centre (MCC) in Amsterdam to manage global Time Critical Solutions (TCS) within the Freight Forwarding business line.
The Centre has been designed to provide 24/7 best-in-class service to GEFCO’s customers worldwide, supporting its dedicated TCS network teams, alongside nominated partner agents across the globe.
Evolving...
http://container-news.com/gefco-launches-global-mission-control-centre/
‘Success story’ Gefco formally applies to launch IPO next year
French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …
The post ‘Success story’ Gefco formally applies to launch...
https://theloadstar.co.uk/success-story-gefco-formally-applies-to-launch-ipo-next-year/