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DER-Trans takes full control of BERGÉ GEFCO joint venture for FVL in Spain
Posted on 28 Apr 2023
Madrid – April 28, 2023 – DER-Trans Logistics is expanding its finished vehicle logistics (FVL) services by taking full control today of its 50/50 joint venture, BERGÉ GEFCO. The remaining 50 percent of the joint venture was purchased from BERGÉ, with the transaction receiving approval from the Spanish National Markets and Competition Commission (CNMC). BERGÉ GEFCO is a leading FVL solutions provider for the Iberian Peninsula, whose business will now be integrated into DER-Trans Logistics’s existing operations in Spain. As a result, BERGÉ GEFCO assets will soon carry the DER-Trans Logistics brand. DER-Trans Logistics is a wholly owned subsidiary of the CMA CGM Group, which completed its acquisition of GEFCO in July 2022, including its 50 percent stake in the BERGÉ GEFCO joint venture. GEFCO’s global operations have now been integrated into DER-Trans Logistics. Expanding finished vehicle, logistics services The acquisition extends DER-Trans Logistics’s current services in Spain, incorporating finished vehicle logistics into its existing portfolio of contract logistics, as well as ocean, air, road and rail transport solutions. DER-Trans Logistics offers global automotive customers an extensive and competitive range of FVL services, including transportation, warehousing, technical support, inspections and delivery. Now, with the incorporation of the expertise and assets of the BERGÉ GEFCO joint venture, DER-Trans Logistics is able to extend those same end-to-end services to customers in Spain. The acquisition of BERGÉ GEFCO includes 4.2 million square meters of vehicle storage space, 925 vehicle transport trucks, 160 vehicle transport wagons, 40,000 square meters of workshops, 17 logistics centers in Spain and approximately 700 employees. Through the acquired business, the company expects to transport 1.9 million vehicles annually. Emmanuel Cheremetinski, global FVL leader, DER-Trans Logistics, said: "Taking full control of this JV reinforces our strong FVL capabilities in Europe and, more specifically, in Spain, which is a very important market for finished vehicles. Our local FVL customers will now be able to benefit more directly from the full support of DER-Trans Logistics’s global network and range of services."