Denmark’s infrastructure fund manager A.P. Moller Capital, through EMIF II Holding III B.V., is acquiring 40% of Ayala Corporation subsidiary AC Logistics for an undisclosed amount.
To remind, A.P. Moller Capital is an affiliate of A.P. Moller Holding with its headquarters in Copenhagen, Denmark.
As disclosed, the completion of A.P. Moller Capital’s investment in AC Logistics is subject to the satisfaction of several conditions precedent, including local and foreign regulatory approvals.
AC Logistics, founded in 2021, is a player in the Philippine logistics market, offering customers integrated solutions centered around cold chain, contract- cross border- and project logistics.
Specifically, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution and contract logistics.
“AC Logistics has, in a short period, grown to be an important player in the logistics sector in the Philippines,” highlighted Lars Reno Jakobsen, senior partner of A.P. Moller Capital.
A.P. Moller Capital and Ayala Corporation’s planned investment in AC Logistics is intended to spur further growth and strengthen its service offerings within key segments.
“A country of 7,000 islands requires considerable logistics infrastructure, and we would like to help address this need. Working together with partners like A.P. Moller Capital, we believe we can provide real solutions,” said Cezar P. Consing, president and CEO of Ayala Corporation.
From his side Erry Hardianto, president and CEO of AC Logistics, noted: “This potential transaction with A.P. Moller Capital reflects Ayala’s strong commitment to growing AC Logistics into an industry leader that will deliver high-quality logistics solutions for the Philippines. We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector.”
