The
CMA CGM Group, one of the world's leading global containers shipping
companies, is pleased to announce that it has taken a strategic stake in
the 25-years old company LCL Logistix, one of India's logistics
leaders, via the Group's subsidiary specialized in freight forwarding
and logistics solutions.
CMA
CGM LOG reinforces its position in India and will leverage LCL
Logistix's Indian network as well as its presence in Canada, in the
United States and in East Africa to accelerate its development. Thanks
to this strategic stake, CMA CGM LOG expands both its product offering
and its geographic coverage, including in emerging countries where
logistics solutions demand is high
Created
in 2001, CMA CGM LOG is the CMA CGM Group's subsidiary specialized in
freight forwarding and logistics solutions. Its 500 experts offer
logistics solutions that are complementary to maritime services in 32
countries, including air freight, multimodal transport, custom
clearance, warehousing and distribution... After a sustained growth in
2014 and the opening of offices in 6 new countries, CMA CGM LOG
accelerates its development in 2015
LCL
Logistix is a freight forwarding leader in India based in Mumbai. LCL
revenues amounted to circa USD 120 million for the fiscal year 2014.
Present across India, LCL Logistix also operates 3 CFS in strategic
locations: in Nhava Sheva, where CMA CGM has vessels calling, in Haldia
(West Bengal) and in Pipavav (Gujarat). As a logistics specialist, LCL
Logistix has a 25-years old expertise and a 42 office network in India
and abroad. In order to pursue the company's development, its management
team will be maintained.
Mathieu
Friedberg, vice president Freight Forwarding and Logistics activities
said: "By taking this stake, CMA CGM LOG improves its logistics offer
and has LCL Logistix benefit from its international network. 2015 will
see CMA CGM LOG's development accelerate thanks to the new synergies
generated by this investment, but also with the implementation of CMA CGM LOG in 12 new countries."
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