A.P. Moller – Maersk today announced the acquisition of Hong Kong-based LF Logistics in a transaction evaluated at $3.6 billion.
“The acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics, a global logistics company that provides digitally enabled end-to-end logistics solutions based on control of critical assets,” commented Soren Skou, CEO of Maersk
Maersk will add 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5m sq m.
As part of transaction to acquire privately-owned LF Logistics, Maersk has entered a strategic partnership with Li & Fung to develop a comprehensive range of end-to-end global supply chain services with Li & Fung focusing on the upstream supply chain and Maersk focusing on the downstream supply chain.
LF Logistics operates an extensive Pan-Asian network and is the supply chain partner of choice for companies looking to grow in the Asia-Pacific region. LF Logistics specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce. LF logistics’ deep customer relations and operational excellence is a strong base for Maersk to expand within Asia-Pacific and globally. (Maersk photo)