A.P. Moller – Maersk announced Wednesday it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce, and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion.
LF Logistics operates an extensive pan-Asian network with 10,000 people, and 223 warehouses and fulfillment centers in 14 countries totalling 29 million square feet. It is privately owned by Li & Fung...
https://www.freightwaves.com/news/maersk-to-buy-hong-kong-based-lf-logistics-for-36b