CMA CGM acquires Delmas

Leading French carrier CMA CGM has completed the $600 million acquisition of Delmas, previously 100% held by the Bollore Group. Through this transaction, CMA CGM has acquired the Delmas, Otal, Setramar brands, a 50% share in SudCargos, and Delmas’ vessels, containers and headquarters in Le Havre.

In West Africa, CMA CGM will become Bollore Group’s partner for inland logistics and for the network of agencies. Rodolphe Saade, chief executive vice president of CMA CGM, said “Delmas is a recognized specialist in Africa and brings CMA CGM, in addition to its 49 vessels and 140,000 containers, its strong experience and excellent reputation in transportation to and from West Africa.”

CMA CGM, a global carrier, seeks to build on the strengths of both companies’ routes to develop its network of services and its volume in Africa, notably from Asia, the Americas, and the Indian subcontinent where CMA CGM has a strong presence.

In 2004, CMA CGM’s total revenue was 4 billion euro and the volume carried reached 3.9 million TEUs while Delmas registered a total revenue of 850 million euro and carried a volume of 520,000 TEUs. Following this acquisition, CMA CGM has become the third largest shipping company in the world with 244 ships, a slot capacity of 484,000 TEUs and a container fleet of 1 million TEUs and a staff of 10,100 members. Before the merger, CMA CGM ranked fourth in the world and Delmas was on the 23rd spot.