Topic: Mergers and expansions in the Turkish logistics market: a lesson from CMA CGM and Borusan

Introductory paragraph:

French company CMA CGM through its CEVA structure plans to acquire the logistics division of Turkish conglomerate Borusan for $440 mln . The deal will significantly expand CEVA’s logistics capacity in Turkey, increase warehouse space and strengthen its position in automotive and marine logistics. This is an example of consolidation against the backdrop of increased competition and industry transformation.