"The strong result in the quarter reflects the continuation of the exceptional market situation within Ocean caused by the global disruptions to the supply chains, which have led to further increase in container freight rates." Maersk new release, 14 January 2022
Maersk has reached an agreement on 22 December 2021 to acquire LF Logistics from current owners Li & Fung (78.3%) and Temasek Holdings (21.7%) for a total enterprise value of $3.6 Bn, with an additional earn-out of up to $160M from future earnings. The transaction will involve LF Logistics' In-Country Logistics (ICL) business which has a projected revenue of $1Bn with an adjusted EBITDA of $250M in 2021, implying a 14.4x EBITDA multiple on the purchase price. The ICL business operates a network