Cma Cgm Completes The Acquisition Of Gct Bayonne And New York Container Terminals
Aug 31, 2023•over 2 years ago
Acquiring Company
CMA CGM
Acquired Company
New York
Description
Further to the agreement announced on December 7th, 2022, the CMA CGM Group, a global player in sea, land, air and logistics solutions, has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals. Through this strategic investment, the Group strengthens its position as a global port terminal operator, and a leading supply chain player in the United States providing end to end solutions to customers worldwide.
M&A Insights
Based on deal dataIntegration 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