A.P. Moller – Maersk adds 223 warehouses to its network in Asia as it completes the acquisition of Hong Kong-based LF Logistics

A.P. Moller – Maersk adds 223 warehouses to its network in Asia as it completes the acquisition of Hong Kong-based LF Logistics

(PRESS RELEASE) COPENHAGEN, 31-Aug-2022 — /EuropaWire/ — A.P. Moller – Maersk (CPH: MAERSK-B), a global leader in container shipping, has announced the addition of 223 warehouses to its Pan-Asian network as the company completed the acquisition of Hong Kong-based LF Logistics. LF Logistics is a contract logistics company with premium capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region. As part of the deal, LF Logistics will be rebranded to Maersk.

“I am thrilled to welcome LF Logistics to Maersk. Maersk in Asia has historically been primarily focused on ocean transportation out of Asia and related logistics services. Transporting and managing goods manufactured in Asia for consumer markets in the West and beyond. With the addition of LF Logistics, Maersk gains unique and best in class capabilities to servicing the important and fast-growing consumer markets in Asia. Furthermore, LF Logistics expertise in omnichannel fulfilment positions us well with the global e-commerce market,” commented Ditlev Blicher, Regional Managing Director of Asia Pacific at A.P. Moller – Maersk.

Following the acquisition, 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 square meters.

LF Logistics employs 10,000 people, operates an extensive Pan-Asian network, and is the supply chain partner of choice for companies looking to grow in the Asia-Pacific region. LF Logistics specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce and has a track record of deep customer relations and operational excellence, which is a strong base for Maersk to expand within Asia-Pacific and globally.

“LF Logistics has an enviable track record of profitable growth in the region for more than two decades. Maersk’s global presence provides an ideal platform for our next phase of organizational expansion and development. The unique and complementary strengths of the two companies will allow our customers to achieve sustainable competitive advantage and our people to attain their full potential. We look forward to a seamless transition experience for both our colleagues and customers,” said Joseph Phi, Group CEO of Li & Fung and CEO of LF Logistics.

Media contacts:

Adhish Alawani
Media Relations Manager, Maersk West & Central Asia
adhish.alawani@maersk.com

Bonnie Hui Huang
Regional Media Relations Manager
+86 1065351301
Bonnie.Hui.Huang@maersk.com

Christian Kjærgaard-Winther
Senior Press Officer
+45 314 496 17
Christian.Kjaergaard@maersk.com

SOURCE: A.P. Moller – Maersk