A.P. Moller - Maersk completed its US$3.6b acquisition of LF Logistics in late-August, taking control of the Hong Kong-based contract logistics company which will now be rebranded to Maersk. Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters. LF Logistics, part of supply chain manager Li & Fung, employs 10,000 people, operates an extensive pan-Asia network and specialises … [Read more...] about Hong Kong-based LF Logistics now part of Maersk
LF Logistics
Maersk boosts fulfilment service with LF Logistics takeover
Leading shipping line Mærsk A/S has reached an agreement to acquire 100 percent of the shares in the contract logistics business of Hong Kong-based LF Logistics in an all-cash deal valued at US$3.6 billion. The acquisition is expected to strengthen Maersk’s capabilities as an integrated container logistics company that offers end-to-end supply chain solutions to its customers. Also read: Shipping giant Maersk beefs up air freight operations LF Logistics, owned by fashion and retail … [Read more...] about Maersk boosts fulfilment service with LF Logistics takeover
