CMA CGM Group acquires strategic stake in LCL Logistix

The CMA CGM Group recently announced that it took a strategic stake in the 25-year 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 reinforced its position in India and will leverage LCL Logistix's Indian network as well as its presence in Canada, the United States, and in East Africa to accelerate its development. With this strategic stake, CMA CGM LOG has expanded 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.

LCL Logistix is a freight forwarding leader in India based in Mumbai. LCL revenues amounted to about USD 120 million for the 2014 fiscal year. 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 25 years of expertise and a 42 office network in India and abroad. In order to pursue the company's development, its management team will be maintained.
 

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