CMA CGM Completes $1.4 Billion Acquisition of FedEx Supply Chain

Cleary Gottlieb represented CMA CGM Group, a global player in sea, land, air, and logistics solutions, in its acquisition of FedEx Supply Chain, a subsidiary of FedEx Corp, at an enterprise value of $1.4 billion.

The transaction was announced on July 1, 2026, and closed on October 1, 2026.

The completed acquisition triples the size of the North American contract logistics operations of CEVA Logistics, a subsidiary of the CMA CGM Group.

The acquisition reinforces CMA CGM’s commitment and investment in the U.S. supply chain and accelerates its strategy to provide comprehensive end-to-end logistics solutions. By integrating FedEx Supply Chain’s assets and nearly 10,000 team members, CEVA Logistics is now one of the leading contract logistics providers in North America. The combined entity operates approximately 150 warehouses, expanding CEVA’s overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations.

In parallel, CMA CGM and FedEx have entered into multi-year commercial agreements related to air and ocean freight.

For more information, please see the press release.

The Cleary M&A team was led by partners Kyle Harris and Aaron Meyers and senior counsel Marie-Laurence Tibi, and included associates Adrien Schmieder and Andrew Zheng, with the assistance from associates Zarinah Mustafa, Edna Turay, and Daniel Nam. Partners Séverine Schrameck, Puja Patel, and Jeremy Calsyn, and associates Taieb Otmani, Louise Caffrey, Benjamin Stievater, and Solène Robin advised on antitrust matters. Partner Julia Petty and associate Rabab Alajmi advised on executive compensation matters. Partners Kylie Barza and Meyer Fedida, and associate Jack Samuel advised on tax matters. Partner Marcela Robledo and associate Natalie Curry advised on IP matters. Partner Chase Kaniecki and associates B.J. Altvater, Alexi Stocker, and Ryan Brown advised on foreign investment matters. Counsel Cindy Resnick and associate Jacob Solomon advised on real estate matters.