CMA CGM increases its investment in startup TRAXENS
• TRAXENS develops innovative container monitoring, geolocation and multimodal coordination systems
• With this investment, CMA CGM introduces Big Data into the transport industry
• CMA CGM will offer its clients unique tracking solutions and real-time data collection from all over the world
9th February 2015
The CMA CGM Group is pleased to announce that they have contributed to the capital increase of French startup TRAXENS.
Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.
This capital increase will be dedicated to financing new research and development programs, as well as industrialization.
With 90% of the world’s commercial products being carried by sea, maritime transport is the main mode of transportation. CMA CGM, third largest shipping company in the world, carries over 12 million containers every year. The Group carries all types of products around the globe by sea, and by developing land and logistics solutions.
CMA CGM constant research for high-valued innovative solutions motivated the Group’s decision to reinforce its investment in the startup TRAXENS. With this cooperation, CMA CGM places itself as a precursor in the Big Data implementation in the transport field, and will offer its clients unique tracking solutions and real-time data collecting from all over the world.
Elie Zeenny, CMA CGM Senior Vice President, declares: « With this technology, CMA CGM brings the shipping industry into a new era. In a world where information is the key, we are taking a significant step ahead. We will now be able to collect data in real-time, which is equally important to us and to our clients. Containers are becoming “connected devices”.
In 2015, TRAXENS will equip the first CMA CGM containers with this innovative patented technology. It will now be possible to know in real-time not only a container’s position, but also its temperature, the vibrations it will be subjected to, any attempted burglary, the presence of traces of specific substances in the air or even the regulatory status of the cargo.
Michel Fallah, Founder and President of TRAXENS, notes: « We are very grateful to CMA CGM for supporting us and bringing their expertise from the very beginning of the TRAXENS adventure. It allowed us to develop a high-valued and unique solution that is attractive to all transport companies and to reunite a group of solid and active shareholders which includes the investment companies of large national banks”.
About CMA CGM
CMA CGM, founded and led by Jacques R. Saadé is the world’s third largest and France’s top container shipping company.
Its 445 vessels call more than 400 ports in the world, on all 5 continents. In 2014, over 12 million TEUs (twenty-foot equivalent units) were carried.
CMA CGM has grown steadily and continues to offer its clients new and innovative sea, land and logistics solutions.
Present in 150 countries with a network of 650 agencies the Group employs 20,000 people worldwide, including 2,400 in its headquarters in Marseille.
TRAXENS delivers the world's most exhaustive, precise and timely information on containers and container transporters allowing all stakeholders in multi-modal transport to improve costs, optimize investment, and offer premium services.
To attain this performance TRAXENSled a 3-year R&D program to develop specific technology required to produce cost effective, durable and autonomous devices for a wide range of container data capture and real-time transmission of this data from anywhere on the globe.
TRAXENSworks with industry leaders to create advanced technical standards with the objective of taking the entire shipping industry to new levels of productivity.
For more information please consult www.traxens.com