Yes that is right.
I have found these two articles:
Aviapartner et GH Team reprennent les activités d?AMC Group à Nice - Logistique
http://www.lantenne.com/Aviapartner-...up_a21853.html
Aviapartner will take over MAP's ground handling in all the stations while GH Team France (ex Swissport France) will take over MAP's cargo handlling operations.
118 people will lose their jobs. The second article says that MAP had expanded well in most French airports but went bankrupt due to the expansion of low cost carriers and the strengthening of interentional ground handling companies like Aviapartner and Menzies (which entered Nice airport in 2014).