Some amazing news before the holidays. Maersk has reached an agreement to acquire LF Logistic.
We welcome an exceptional company to the Maersk family. This is another logic step in our Integrator Strategy & drive to offer customers seamless end-to-end services. We go All The Way.
Today Maersk 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.
- Part of Maersk’s aim to expand land-based services
- Price implies LF Logistics value more than doubled since 2019
- Maersk aims to more than double revenue at LF Logistics by 2026
- Includes 223 warehouses, 10,000 employees in 14 Asian countries
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,”
With a network of 223 warehouses and around 10,000 employees in 14 Asian countries, LF Logistics provides land-based logistic services such as warehousing and trucking to over 250 global customers.
The company had revenue of $1.3 billion last year. Maersk said it expects to more than double the revenue and operating profit at the company by 2026.
2021 has been another strange year. i believe that 2022 will be better. The other day I had lunch with my son and it reminded me what a fortunate person I am.
There was a time when this seemed like the best of dreams. When we thought that we had lost him.
Now he is a lawyer and it was truly great to have a burger with him and his fiancee at a restaurant in Malmö. So in many ways better days are coming. Always.
Scandinavian Airline Systems (SAS) quietly celebrated the inaugural flight of one of its three new Airbus A321LR aircraft this week – which took place between two of its Nordic hubs, Copenhagen and Oslo.
This in anticipation of the fleet’s full service starting in March 2022. The flight gave BusinessClass.com a first look at the new SAS Business Class cabin and it looks rather smart!
The A321LR is a single aisle, narrow-body aircraft which SAS has configured for long haul routes. The SAS A321LR will carry 157 passengers in three classes and SAS Business will feature 22 fully flat seat beds. The Business Class cabins has 7 rows – in an alternating 2-2 and 1-1 seating pattern.
There are six “throne seats” in rows 2, 4 and 6 – ideal for the solo traveller – who will enjoy extra space, comfort, and privacy. The seat comes in a light grey hue with splashes of SAS blue. Every seat has inflight entertainment screens and power sockets. Passengers can also expect an inflight service similar to that of the rest of the SAS long haul fleet.
SAS is taking initial delivery of three A321LRs – which can fly non-stop from Scandinavia to the Middle East, India, Canada, and northeast USA.
SAS expects that the latest generation A321LR will reduce climate-impacting emissions by around 15-18 percent compared to that of an equivalent size aircraft from the previous generation. It will also create less noise, making that Business Class experience all the better.
The new A321LR also features new and comfortable seats in a 2-2 configuration in SAS Plus, the Premium Economy offering of the Scandinvian carrier.
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