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Maersk acquires LF Logistics in billion-dollar transaction

A.P. Møller-Maersk has just announced the takeover of Hongkong-based LF Logistics. "The acquisition is an important and truly strategic milestone," says Maersk CEO Søren Skou.

Photo: Amr Abdallah Dalsh/Reuters/Ritzau Scanpix

Maersk has reached an agreement to acquire 100 percent of the shares in LF Logistics Holdings Limited in an all-cash deal, the Danish transportation and logistics company announes Wednesday morning, Copenhagen time.

LF Logistics is described as a strongly positioned Asia-Pacific-based "omnichannel fulfilment contract logistics company," and according to Maersk, the acquisition will strengthen its capabilities as an integrated container logistics company further, offering global end-to-end supply chain solutions to its customers.

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