A.P. Moller \u2013 Maersk announced the $3.6bn acquisition of Hong Kong-based LF Logistics, taking Maersk further down its avowed corporate path to becoming a logistics integrator. Speculation is rife that a second big acquisition will be sealed by Maersk shortly.<\/p>\n
\u201cThe acquisition of LF Logistics is an important strategic milestone on our journey to becoming the major global integrator of container logistics; a global logistics company that provides digitally-enabled end-to-end logistics solutions based on control of critical assets,\u201d commented Soren Skou, CEO of Maersk.<\/p>\n
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.<\/p>\n
LF Logistics specializes in B2B and B2C distribution solutions within retail, wholesale, and e-commerce. It is a privately owned company by Li & Fung (78.3%) and Temasek Holdings (21.7%).<\/p>\n
As part of the transaction to acquire LF Logistics, Maersk agreed on a strategic partnership with Li & Fung to develop a comprehensive range of end-to-end global supply chain services in which Li & Fung will focus on the upstream supply chain and Maersk will concentrate on the downstream supply chain.<\/p>\n
Source: Splash247<\/span><\/em><\/p>\n To read the full original article visit the link: https:\/\/splash247.com\/maersk-to-buy-lf-logistics-for-3-6bn\/<\/a><\/em><\/p>\n