A.P. Moller – Maersk (Maersk) announces the completion of its acquisition of LF Logistics, a Hong Kong-based contract logistics company that specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce in the Asia-Pacific region. As a consequence, LF Logistics will be rebranded to Maersk.
“I am thrilled to welcome LF Logistics to Maersk. Maersk in Asia has historically been primarily focused on ocean transportation out of Asia and related logistics services. Transporting and managing goods manufactured in Asia for consumer markets in the West and beyond. With the addition of LF Logistics, Maersk gains unique and best in class capabilities to servicing the important and fast-growing consumer markets in Asia. Furthermore, LF Logistics expertise in omnichannel fulfilment positions us well with the global e-commerce market”, said Ditlev Blicher, Regional Managing Director of Asia Pacific at A.P. Moller – Maersk.
After the acquisition, Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across 9.5m square meters.
“LF Logistics has an enviable track record of profitable growth in the region for more than two decades. Maersk’s global presence provides an ideal platform for our next phase of organisational expansion and development. The unique and complementary strengths of the two companies will allow our customers to achieve sustainable competitive advantage and our people to attain their full potential. We look forward to a seamless transition experience for both our colleagues and customers”, said Joseph Phi, Group CEO of Li & Fung and CEO of LF Logistics.
The value of the transaction is USD 3.6bn (enterprise value), and it is expected that revenue and EBITDA in the in-country logistics business will more than double by the end of the full-year 2026.
Source: Maersk Group