Maersk inks deal to acquire 100% shares in LF Logistics for $3.6 bn

27 Dec 2021 CW Team

Maersk has inked an all-cash deal to achieve 100% shares in LF Logistics Holdings Limited (LF Logistics) for $3.6 billion.

LF Logistics is a well-set up and strongly placed Asia-Pacific-based omni channel fulfillment contract logistics firm, as per an official statement from Maersk.

The purchase will boost Maersk’s capabilities as an integrated container logistics firm, providing global end-to-end supply chain solutions to its customers.

LF Logistics is a private, Hong Kong-based company held by Li & Fung (78.3%) and Temasek Holdings (21.7%) that concentrates on rendering contract logistics solutions to customers in Asia-Pacific organised via two key business units - In-Country Logistics (ICL) and Global Freight Management (GFM).

The purchase of LF Logistics is an essential and truly strategic milestone on our journey to become the global integrator of container logistics - a global logistics firm that renders digitally-enabled end-to-end logistics solutions based on control of critical assets, Soren Skou, CEO, Maersk told the media.

With the purchase of LF Logistics, they comprise essential capabilities in Asia Pacific to help their customer's long-term development in the Asia Pacific as well as capabilities and technology they can scale in their contract logistics business globally.

In addition to the deal to procure LF Logistics, Maersk has additionally inked a strategic partnership with Li & Fung to build logistic solutions. The parent firm of Li & Fung is likely to retain and continue to develop the carved-out GFM business following the completion of the deal.

The contract value reflects a pre-synergy EV/EBITDA multiple of 14.4x based on estimated EBITDA for full-year 2021 for the ICL business. Additionally, an earn-out of up to $160 million associated with future financial performance has been agreed as part of the deal.

Established in 1999, LF Logistics runs a network of 223 warehouses with a capacity of 2.7 million sq m with about 10,000 people across 14 nations in Asia-Pacific.

Image Source

Also read: Mahindra Logistics leased 1.4 mn sq ft warehouses at LOGOS’

Maersk has inked an all-cash deal to achieve 100% shares in LF Logistics Holdings Limited (LF Logistics) for $3.6 billion. LF Logistics is a well-set up and strongly placed Asia-Pacific-based omni channel fulfillment contract logistics firm, as per an official statement from Maersk. The purchase will boost Maersk’s capabilities as an integrated container logistics firm, providing global end-to-end supply chain solutions to its customers. LF Logistics is a private, Hong Kong-based company held by Li & Fung (78.3%) and Temasek Holdings (21.7%) that concentrates on rendering contract logistics solutions to customers in Asia-Pacific organised via two key business units - In-Country Logistics (ICL) and Global Freight Management (GFM). The purchase of LF Logistics is an essential and truly strategic milestone on our journey to become the global integrator of container logistics - a global logistics firm that renders digitally-enabled end-to-end logistics solutions based on control of critical assets, Soren Skou, CEO, Maersk told the media. With the purchase of LF Logistics, they comprise essential capabilities in Asia Pacific to help their customer's long-term development in the Asia Pacific as well as capabilities and technology they can scale in their contract logistics business globally. In addition to the deal to procure LF Logistics, Maersk has additionally inked a strategic partnership with Li & Fung to build logistic solutions. The parent firm of Li & Fung is likely to retain and continue to develop the carved-out GFM business following the completion of the deal. The contract value reflects a pre-synergy EV/EBITDA multiple of 14.4x based on estimated EBITDA for full-year 2021 for the ICL business. Additionally, an earn-out of up to $160 million associated with future financial performance has been agreed as part of the deal. Established in 1999, LF Logistics runs a network of 223 warehouses with a capacity of 2.7 million sq m with about 10,000 people across 14 nations in Asia-Pacific. Image Source Also read: Mahindra Logistics leased 1.4 mn sq ft warehouses at LOGOS’

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..