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CMA CGM completes acquisition of Altice Media (BFMTV and RMC) to expand its media empire

Jul 03, 2024over 1 year ago

Acquiring Company

CMA CGM

Acquired Company

Altice Media (BFMTV and RMC)

MarseilleParisSupply Chain ManagementLogisticsTransportation

Description

CMA CGM, a leading shipping and logistics company, has successfully acquired Altice Media, which includes BFMTV and RMC, marking a significant transition in the French media industry. This acquisition aligns with CMA CGM's strategy to diversify its portfolio and strengthen its presence in the media sector.

Company Information

Company

CMA CGM

Location

Marseille, Provence-Alpes-Côte d'Azur, France

About

Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of around 623 vessels. The Group transported 21.7 million TEU containers (twenty-foot equivalent units) in 2022. With its subsidiary CEVA Logistics, a global logistics player which transported 522,000 tonnes of air cargo and more than 22 million shipments of inland freight, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to provide customers a comprehensive and increasingly efficient offering, thanks to new shipping, inland, air freight and logistics solutions. Firmly committed to the energy transition in shipping and a pioneer in its use of alternative fuels, the CMA CGM Group has set a Net Zero-Carbon target for 2050. Each year, via the CMA CGM Foundation, the Group supports thousands of children as part of its efforts to promote education for all and equal opportunities. The CMA CGM Foundation also intervenes in humanitarian crises requiring an emergency response by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 155,000 people worldwide, including nearly 4,000 in Marseille where its head office is located.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed