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

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.