AP Moller - Maersk (Maersk) is once again on the acquisition trail.
The shipping giant has entered into a $3.6 billion-deal for the acquisition of LF Logistics, a Hong Kong-based contract logistics company with capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region.
The move is in line with Maersk’s objective to become a global logistics company that provides digitally enabled end-to-end logistics solutions based on control of critical assets.
“With the acquisition of LF Logistics, we are adding critical capabilities in Asia Pacific to support our customers’ long term growth in the region as well as capabilities and technology we can scale in our contract logistics business globally,” said Soren Skou, CEO of Maersk.
The acquisition will see the shipping company adding 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, spread across 9.5 million square metres.
LF Logistics operates an extensive Pan-Asian network and specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce.
