CMA CGM Group completed the acquisition of a 51% stake in Colis Privé from HOPPS Group for $315m.

CMA CGM Group, a shipping and logistics company, completed the acquisition of a 51% stake in Colis Privé, a home and relay parcel delivery company, from HOPPS Group, a postal and parcel company, for $315m. “The acquisition of a majority stake in Colis Privé is an important step in the development strategy of our logistics activities. 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. By leveraging the global presence of our subsidiary CEVA Logistics, our ambition is to develop Colis Privé internationally, starting with Europe where the company is already established,” Rodolphe Saadé, CMA CGM Group Chairman and CEO.