AP Møller-Maersk is to use its bumper shipping profits to take global the $3.6bn Asian warehousing business it bought in December as the Danish container group aims to integrate its supply chain around the world.
Maersk’s $3.6bn acquisition of LF Logistics, announced in December, closed on Wednesday, and the group is wasting no time in taking the business to Europe and the rest of the world to bulk up its logistics offering.
“Not only will it unlock the growth in Asia, but we intend to take the platform globally,” Ditlev Blicher, head of Asia-Pacific for Maersk, told the Financial Times.
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