CMA CGM Group steps up its strategic inland development in Europe with the acquisition of Spanish rail operator Continental Rail
Continental rail, a major Spanish private rail operator linking main ports across Spain. CMA CGM is committed to offering its customers comprehensive, agile and tailor-made solutions.
The CMA CGM Group, a world leader in shipping and logistics, is stepping up its strategic development in inland logistics by integrating one of the leading private rail operators in Spain: Continental Rail, via CCIS, its global inland logistics arm. The Share Purchase Agreement was signed on the 30th of June. The transaction, which should be closed early Q3 2021, amounts to an equity value of ca. EUR 25 million.
Continental Rail was established in May 2000 in Madrid and is one of Spain main private rail operators. Continental Rail is specialized in intermodal containers traffic between main ports across Spain.
This move into rail activity in Spain strengthens the Group’s transport and logistics business, allowing it to offer its customers a range of comprehensive, agile and customized solutions, complementary to its current deep sea and short sea services, supporting its supply chain integrated solutions.
Christine Cabau-Woehrel, Executive Vice President Industrial Assets and Operations of the CMA CGM Group, declares: “Continental Rail represents a major new component of the CMA CGM Group’s inland strategy, in both operational and commercial terms. This expansion is a new milestone in the Group’s strategic development, with the aim of providing its customers with better ways through a complementary range of services covering both shipping and logistics.”
About CMA CGM
The CMA CGM Group, a world leader in shipping and logistics headed up by Rodolphe Saadé, serves over 420 ports on 5 continents around the world. The Group’s fleet of 561 ships carried close to 21 million TEU (Twenty-foot Equivalent Unit) containers in 2020. With its CEVA Logistics subsidiary, a world-class logistics provider carrying 400,000 tons of air freight and 2.8 million tons of overland freight every year, and CMA CGM Air Cargo, the CMA CGM Group is constantly innovating to offer its customers end-to-end services delivering performance gains through ground-breaking shipping, overland, air freight and logistics solutions.
The CMA CGM Group is committed to leading the energy transition in shipping and has pioneered the use of alternative fuels. In addition, it has set itself the goal of being carbon-neutral by 2050. This program of continuous improvement has yielded concrete results and reduced the Group’s total CO2 emissions by 4% in 2020.
Via the CMA CGM Foundation, the Group reaches out to thousands of children every year with initiatives championing education for all and equal opportunities. The CMA CGM Foundation also responds to humanitarian crises with emergency relief by harnessing the Group’s shipping and logistics expertise to carry humanitarian supplies to wherever they are needed around the world.
With a network of over 400 offices and 750 warehouses in 160 countries, the Group employs more than 110,000 staff members worldwide, 2,400 of whom are based in Marseille where it has its registered office.
