Maersk acquires LF Logistics to strengthen it’s logistics segment

Maersk has signed an all-cash deal to acquire 100 percent shares in LF Logistics for $3.6 billion. “LF Logistics is a well-established and strongly positioned Asia-Pacific-based omnichannel fulfilment contract logistics company,” according to an official statement from Maersk. The acquisition will strengthen Maersk’s capabilities as an integrated container logistics company, offering global end-to-end supply chain solutions to its customers, the statement added.
LF Logistics is a private, Hong Kong-based company owned by Li & Fung (78.3 percent) and Temasek Holdings (21.7 percent) that focuses on providing contract logistics solutions to customers in Asia-Pacific organised through two key business units – In-Country Logistics (ICL) and Global Freight Management (GFM).