Ingram Micro, recently acquired by Platinum Equity in a $7.2 billion deal is selling a big portion of its Commerce and Lifecycle Services business to French CMA CGM Group in a deal valued at $3 billion.

CMA CGM made the acquisition of the Shipwire and technology forward logistics business of Ingram Micro’s Commerce & Lifecycle Service business public on Wednesday. The acquisition includes operations from Europe, Asia-Pacific, Latin America, and North America.

A spokesperson from Ingram Micro said the distributor will retain the ITAD asset disposition, the European CLS Technology parts of the CLS business, and the reverse logistics- parts that will remain under their current leadership.

CMA CGM just got bigger

The new deal comes five months after Ingram Micro was bought by private equity firm Platinum Equity for $7.2 billion. The deal closed in July and was hailed as the largest private equity investment in IT distribution.

CMA CGM, based in Marseille-France is a leading global shipping and logistics provider with plans to make the business it acquired a part of its CEVA Logistics subsidiary, which it has said will become the fourth-largest contract logistics provider in the world.

The M&A year

In October, Ingram Micro also acquired CloudLogic, a cloud data center consulting company. The deal between CMA CGM and Ingram Micro is happening during a big year for M&A. This year saw another significant merger between Tech Data and Synnex to form TD Synnex (the world’s largest IT distributor).

For decades, that title was held by Ingram Micro.

Jacob Kotzubei, a partner at Platinum Equity, and Matthew Louie, managing director at Platinum Equity, see CLS as an excellent fit in CEVA Logistics. The move, they added, will allow Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services.