CMA CGM Group Acquires Ingram Micro's Commerce & Lifecycle Services (CLS)
December 8, 2021
CMA CGM Group has signed an agreement to acquire most of Ingram Micro's Commerce & Lifecycle Services (CLS) business, including the Shipwire order-fulfillment platform, for an enterprise value of USD 3.0 billion. The transaction will be integrated with CMA CGM's subsidiary CEVA Logistics to bolster the group's contract-logistics and eCommerce capabilities, particularly across the U.S. and Europe; the CLS business reported approximately $1.7 billion revenue and ~11,500 employees in 2021.
- Buyers
- CMA CGM Group, CEVA Logistics
- Targets
- Ingram Micro Commerce & Lifecycle Services (CLS), Shipwire
- Sellers
- Ingram Micro, Platinum Equity
- Industry
- Logistics & Distribution
- Location
- California, United States
- Transaction Type
- Divestiture
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