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Acquisition of NOL: a historic milestone for the CMA CGM Group
AN ACQUISITION WITHOUT PRECEDENT
The CMA CGM Group is in the process of completing the largest acquisition in its history.
Indeed, on Friday 10th June 2016, the CMA CGM Group assumed control of NOL, a listed Singaporean company, no. 12 in the world for container shipping, renowned for its APL brand, present in more than 80 countries and employing around 7,000 people. As of today, NOL is now a subsidiary of CMA CGM.
NOL in figures
5 140Revenues (million USD)
4,94Volume (millions TEUs)
7 000+Staff members
WITH NOL THE CMA CGM GROUP IS EVEN STRONGER
The acquisition reinforces CMA CGM’s position as a leader and reference in the shipping industry. The geographical complementarity will enable the Group to consolidate its leadership on many shipping routes, enhance its client portfolio, and balance its shipping coverage worldwide.
CMA CGM Group in figures
Following the NOL acquisition, the latest figures for CMA CGM are now as follows:
18 MContainers carried (yearly in TEUs)
21 MdsTurnover (USD)
2,4 MFleet capacity (TEUs)
29 000+Staff members
A SERIES OF LANDMARK ACQUISITIONS IN THE CMA CGM GROUP’S HISTORY
Acquisitions have played a key role in the CMA CGM Group’s history.
For the last 40 years, the Group’s history has been one of development and expansion. A strategy linked to organic growth, it is the result not only of the Group’s dynamism and expertise but also a policy of carefully targeted acquisitions of companies. These companies, whatever their size, have all served to reinforce CMA CGM’s trade offer and geographical coverage. Furthermore, in enhancing CMA CGM’s strengths, they in turn saw their own growth accelerate.
In the past Oceania with ANL, the United States West Coast with US Lines, Africa with Delmas, and Intra-Asia with CNC.
This propensity to take the initiative - this passion for development and ability to seize opportunities and steadily expand - is intrinsically linked to the family-run aspect and entrepreneurial spirit that drives the Group. Family ownership gives CMA CGM its unique culture; one that sets a course, has a long-term vision and unites staff members around their managers. The expertise and professionalism of its teams, the demands made by its managers and their commitment to the Group are what enable CMA CGM to pursue its development, to keep on improving and growing, despite cyclical changes to the industry and global economy.
The take-over just announced by CMA CGM is the result of 18 months of hard work. In anticipating cycles in the shipping industry and its volatility, CMA CGM took the lead in planning ahead.
So while it was preparing to announce the Ocean 3 Alliance in January 2015, CMA CGM was already in discussions with NOL’s management. These discussions would last a year. It then took only six months to obtain the relevant authorisations. Meanwhile, even before these negotiations had been finalised, CMA CGM was already building the next alliance, the OCEAN Alliance, with Cosco, Evergreen and OOCL which will launch in April 2017.
► 2015, November 16th - CMA CGM enters into exclusive discussions with Neptune Orient Lines Ltd
► 2015, December 7th - CMA CGM makes official announcement of project to acquire NOL
► 2016, April 29th - CMA CGM’s proposed acquisition of NOL approved by the European Commission
DID YOU KNOW?