{"id":28589,"date":"2021-12-22T14:55:59","date_gmt":"2021-12-22T11:55:59","guid":{"rendered":"https:\/\/www.al-sindbad.net\/maersk-to-buy-lf-logistics-for-3-6bn\/28589\/"},"modified":"2021-12-22T14:55:59","modified_gmt":"2021-12-22T11:55:59","slug":"maersk-to-buy-lf-logistics-for-3-6bn","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/maersk-to-buy-lf-logistics-for-3-6bn\/28589\/","title":{"rendered":"Maersk to buy LF Logistics for $3.6bn"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>A.P. Moller \u2013 Maersk has secured one of its target to spend some of the billions it has earned during container shipping\u2019s record year. The Danish company today announced the $3.6bn acquisition of Hong Kog-based LF Logistics, taking Maersk further down its avowed corporate path to become a logistics integrator. Speculation is rife that a second big acquisition will be sealed by Maersk shortly.<\/p>\n<p>\u201cThe acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics; a global logistics company that provide digitally enabled end-to-end logistics solutions based on control of critical assets,\u201d commented Soren Skou, CEO of Maersk<\/p>\n<p>Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5m sq m.<\/p>\n<p>LF Logistics specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce. It is a privately owned company by Li &amp; Fung (78.3%) and Temasek Holdings (21.7%).<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>As part of transaction to acquire LF Logistics, Maersk has entered a strategic partnership with Li &amp; Fung to develop a comprehensive range of end-to-end global supply chain services with Li &amp; Fung focusing on the upstream supply chain and Maersk focusing on the downstream supply chain.<\/p>\n<p>Last month cash-rich Maersk upped its airfreight game, buying German freight forwarder Senator International as well as expanding its air freighter fleet by five planes.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\">\n<span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/denmark\/\" rel=\"tag\">Denmark<\/a> <a href=\"https:\/\/splash247.com\/tag\/hong-kong\/\" rel=\"tag\">Hong Kong<\/a> <a href=\"https:\/\/splash247.com\/tag\/maersk\/\" rel=\"tag\">Maersk<\/a><\/span>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A.P. Moller \u2013 Maersk has secured one of its target to spend some of the billions it has earned during container shipping\u2019s record year. The Danish company today announced the $3.6bn acquisition of Hong Kog-based LF Logistics, taking Maersk further down its avowed corporate path to become a logistics integrator. Speculation is rife that a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28589"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28590"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}