CMA CGM to acquire GEFCO.

CMA CGM, a French container transportation and shipping company, agreed to acquire GEFCO, an automotive logistics company and international expert in multimodal supply chain. Financial terms are not disclosed. "The acquisition of GEFCO represents a further step in our development strategy and strengthens our position as a global player in transport and logistics. With GEFCO, our subsidiary CEVA will become the world leader in automotive logistics, having recently enhanced its capabilities in e-commerce logistics with the acquisition of Ingram Micro CLS. We are creating a French leader to serve our customers around the world," Rodolphe Saadé, CMA CGM Chairman and CEO.