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Maersk Acquires Li & Fung’s Logistics Arm for $3.6 Billion

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Danish logistics and shipping giant A.P. Moller-Maersk is acquiring Li & Fung Limited’s logistics business, LF Logistics Holdings Limited, and its various entities, in a deal worth $3.6 billion. The pact is part of a strategic partnership between Maersk and the Hong Kong-based sourcing firm to further develop a comprehensive range of end-to-end global supply…

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