Business Data
Global Company Strategy - CMA CGM - Q1 2016
CMA CGM is the world's third-larg es t s hipping line. Compag nie Générale Maritime (CGM) was formed in 19 77 by the merg er of Mes s ag eries Maritimes (Mes sMar) and Compag nie Générale Trans atlantique (Trans at). Compag nie Maritime d'Affrètement (CMA) was founded the following year. In 19 9 6 CMA CGM was privatis ed and the following year made its firs t acquis ition, Aus tralian National Lines (ANL). This was followed by a s pree of acquis itions , beg inning with UK-bas ed MacAndrews in 20 0 2. In 20 0 6 CMA CGM purchas ed Delmas , an African s hipping line previous ly owned by Groupe Bolloré. The acquis ition propelled CMA CGM to third place in the ranking of the world's larg es t container s hipping lines . Strong g rowth enabled it to make three purchas es in 20 0 7, with the acquis ition of Taiwan-bas ed Cheng Lie Navig ation, Moroccan line COMANAV and US-bas ed US Lines . Turkey's Yildirim Group has a 24% s take in CMA CGM and has voting rig hts , but the Saadé family remains in charg e, with a majority of both s hares and voting rights . Fonds Stratég ique d'Inves tis s ement (FSI) holds a 6% s take in the company following its USD150mn equity injection in 20 13. The g roup has operations in container s hipping , with a focus on reefer carg o. It als o operates in the touris t indus try throug h s ubs idiary Crois ières et Tourisme. CMA CGM Log is tics boas ts 55 branches in As ia, Europe, the Middle Eas t, North and South America and Africa. In 20 12 CMA CGM Group combined five of its multi-modal s ubs idiaries (CMA Rail (Rail Link Europe); French River Shuttle Containers ; ocean freig ht forwarder LTI France (Land Trans portation International); Prog eco - the repair arm of CMA CGM's container bus ines s ; and TCX Multimodal Log is tics - a bonded warehous e company that operates in many French ports ) into one entity - tri-modal operator Greenmodal Trans port. Terminal Link is the g roup's terminal operating bus ines s