BEIJING: AP Moller-Maersk, a Danish shipping and logistics service provider, announced that it has completed the acquisition of LF Logistics, a Hong Kong-based contract logistics company with capabilities within omnichannel fulfilment services, eCommerce and inland transport in the Chinese mainland and the Asia-Pacific region.
With a total transaction value of US$3.6bil (RM16.2bil), Maersk will add 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, with a total floor area of 9.5 million sq metres, said the company.
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