CMA CGM Boosts Container Monitoring Investment
The CMA CGM Group have contributed to the capital increase of French startup TRAXENS, adding to two other investment funds, CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group), that are also part of the initiative.
TRAXENS develops container monitoring, geolocation and multimodal coordination systems.
CMA CGM said the capital increase will be dedicated to financing new research and development programs, as well as industrialization.
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. “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,’” said Elie Zeenny, CMA CGM Senior Vice President, Group IT Systems.
In 2015, TRAXENS will equip the first CMA CGM containers with this 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.
