Ocean shipping goliath A.P. Moller – Maersk announced Wednesday it has finalized the acquisition of 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 Asian network with 10,000 people, 223 warehouses and fulfillment centers in 14 countries totalling 29 million square feet. It is majority owned by Li &...
https://www.freightwaves.com/news/maersk-adds-lf-logistics-to-supply-chain-portfolio