A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation.
Established in 2021, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution, and contract logistics.
The Copenhagen-based infrastructure fund management affiliate of A.P. Moller Holding said it plans to invest in ACL together with Ayala to scale the company’s operations and make it a leading integrated logistics provider in the country.
The deal is subject to the satisfaction of several conditions precedent, including local and foreign regulatory approvals.
“Should the collaboration between A.P. Moller Capital and Ayala Corporation come to fruition, it will unite two organisations with a common vision of fostering economic growth and long-term prosperity through strategic investments,” the companies said in a joint statement, without disclosing the financial terms of the transaction.
Cezar P. Consing, president and CEO of Ayala Corporation, said: “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.”
“We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector,” added Erry Hardianto, president and CEO of AC Logistics.