France-based shipping group CMA CGM has announced plans to expand its US headquarters, which are in Norfolk, Virginia. It also said that it would be launching a start-up incubator that would focus on developing technologies within the transportation and logistics sectors.
CMA CGM said that it chose Virginia following a competitive site-selection selection search that included participation from other US states. The company launched its US operations in 1997. Its US headquarters have been in Norfolk since 2005.
CMA CGM said that it plans to invest about $36m to expand operations in Hampton Roads, to reinforce its headquarters in Norfolk, and to establish Arlington as the home of ZEBOX, a start-up incubator and accelerator founded by Rodolphe Saadé, CMA CGM Group’s Chairman and CEO.
ZEBOX aims to assist innovative start-ups in developing new technologies in for transportation, logistics, mobilities and industries, and attract entrepreneurs from around the world.
CMA CGM said that it expected to create about 400 new jobs in the region, adding to its more than 12,000 employees across the US.