LF Logistics to be acquired by Maersk
Container logistics company Maersk has declared its intent to acquire omnichannel fulfilment company, LF Logistics.
LF Logistics acquisition by Maersk will create a smoother supply chain
Maersk was founded in 1904, Svendborg, Denmark and has a revenue of US$39bn. The integrated container logistics company has a team of more than 80,000, runs its operations in 130 countries and is a member of the A.P. Moller Group.
Founded in 1906, LF Logistics is based in Hong Kong and has a revenue of US$1bn. The company is part of consumer goods sourcing and logistics, Li & Fung, and works with more than 400 brand owners and retailers, to create warehousing and transport management solutions.
Maersk has announced that LF Logistics will permit the company to offer worldwide door-to-door supply chain solutions to its customers, with help from:
- LF Logistics’ premium warehouse fulfilment services
- LF Logistics’ omnichannel footprint
- Inland transport competences
Creating fully integrated supply chains
“Maersk’s origin consolidation, purchase order management and ocean services have long been highly acknowledged”, said Ditlev Blicher, Maersk Regional Managing Director for Asia Pacific. “The addition of LF Logistics’ excellent destination omnichannel fulfilment capabilities will help to close the loop, enabling fully integrated supply chains for our customers.
“There will be one homogeneous fulfilment mechanism across all geographies, with less contact points, more visibility, and more data, truly supporting our customers grow their business.”
