A.P. Moller Maersk completes another major acquisition, this time costing as much as $3.6 billion and gaining a greater footing in the Asia-Pacific region.
A.P. Moller-Maersk completed the purchase of Hong Kong-based contract logistics company LF Logistics for $3.6 billion, adding 223 new warehouses to its network. The logistics provider has a strong presence in the Asia-Pacific market, a significant attraction for Maersk. With this purchase, Maersk now consists of 549 facilities worldwide and hopes to double its revenue throughout the next four years.
Per A.P. Moller-Maersk:
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