Maersk agrees $3.6 bln deal to buy LF Logistics – Reuters

Maersk agrees $3.6 bln deal to buy LF Logistics – Reuters

COPENHAGEN, Dec 22 (Reuters) - Container shipping giant Maersk (MAERSKb.CO)on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.

The deal is one of the group's largest takeovers to date and follows a series of acquisitions including e-commerce firms, a freight forwarder specialised in air freight and its smaller rival Hamburg Sud.

"The acquisition will further strengthen Maersk's capabilities as an integrated container logistics company, offering global end-to-end supply chain solutions to its customers," the company said in a statement.