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CMA CGM buys US-based Ingram Micro CLS for $3bn

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Logistics Update Africa News
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CMA CGM buys US-based Ingram Micro CLS for $3bn

French carrier CMA CGM has signed a deal with US-based Ingram Micro to buy most of its commerce & lifestyle activities (CLS) for an enterprise value of $3 billion.

"The deal includes Shipwire, a cloud-based logistics technology platform, and the company’s technology forward logistics businesses in North America, Europe, Latin America and Asia-Pacific. The remaining portions of the existing CLS business will be retained by Ingram Micro," according to an official statement from CMA CGM.

Read More...www.logupdateafrica.com

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