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
Location
California, United States
Transaction Type
Divestiture

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