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New Deal


Announced

Completed

CMA CGM Group completed the acquisition of the Bayonne and New York port terminals from Global Container Terminals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Port terminals

Domestic

Acquisition

Private

Ports

Majority

Single Bidder

Completed

Synopsis

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CMA CGM Group, a global player in sea, land, air and logistics solutions, completed the acquisition of the Bayonne and New York port terminals from Global Container Terminals, a terminal operations solutions provider. Financial terms were not disclosed. "The acquisition of GCT Bayonne and GCT New York terminals is a strategic investment for the CMA CGM Group. It reinforces the services we provide to US customers and their supply chain efficiency. It further consolidates our positions in the United States, a major market among the fastest-growing worldwide, and will help us continue our development," Rodolphe Saadé, CMA CGM Chairman and CEO.

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