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July 25, 2016

MSC and CMA CGM to invest in Traxens

Switzerland-based Mediterranean Shipping Company (MSC) has joined container shipping company CMA CGM to invest in French start-up Traxens.

Switzerland-based Mediterranean Shipping Company (MSC) has joined container shipping company CMA CGM to invest in French start-up Traxens.

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Under the deal, both CMA CGM and MSC will be represented on the board of directors of Traxens.

Established in 2012, Traxens has been developing solutions for the cargo logistics sector and has created a new multi-modal container monitoring and coordination system to provide real data for logistics excellence.

"We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation."

By the last quarter of this year, CMA CGM and MSC will have installed Traxens devices across their fleet.

Mediterranean Shipping Company president and CEO Diego Aponte said: “We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately.

“We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation.”

CMA CGM, which has been backing Traxens since 2012, noted that the investment is a part of its global digital strategy.

With a combined fleet of 4.5 million units, CMA CGM and MSC currently transport around 25% of the world’s shipping containers.

Additionally, MSC now operates 480 offices across 150 countries worldwide with over 24,000 employees.

The company operates on more than 200 trade routes and are being called at over 315 ports.

CMA CGM currently has 536 vessels that are being called to more than 420 ports in the world.

Last year, the company carried 18 million twenty-foot equivalent units (TEU).

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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