A.P. Moller – Maersk Acquires LF Logistics

A.P. Moller – Maersk Acquires LF Logistics

Danish shipping company A.P. Moller - Maersk on Aug. 31 announced its $3.6 billion acquisition of Hong Kong-based contract logistics company LF Logistics. As a result of the acquisition, LF Logistics is being rebranded as Maersk. The newly named Maersk is expected to add 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters. “Maersk in Asia has historically been primarily focused on ocean transportation out of Asia and related logistics services,” A.P. Moller - Maersk Regional Managing Director of Asia Pacific Ditlev Blicher said. “With…
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