A.P. Moller acquiring up to 40% stake in AC Logistics

MANILA, Philippines — Conglomerate Ayala Corp. will welcome a new partner in its wholly owned subsidiary AC Logistics to scale its operations and strengthen service offerings.

Infrastructure fund manager A.P. Moller Capital, through EMIF II Holding III B.V., has entered into an agreement to acquire up to 40 percent of AC Logistics, a company that offers customers holistic supply chain solutions covering cold chain solutions, freight forwarding, national distribution and contract logistics.

Ayala said that the acquisition is subject to the parties agreeing on the final subscription price and satisfaction of several conditions precedent, including securing regulatory approvals and achievement of certain business milestone.

The investment is expected to enable AC Logistics to better address the growing and increasingly more complex logistics requirements of the country by helping businesses build cost-efficient supply chains, while contributing to greater food security nationwide.

“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,” Ayala president and CEO Cezar Consing said.

AC Logistics president and CEO Erry Hardianto said  the 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 country.

“We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector,” Hardianto said.

Founded in 2021 as a wholly owned subsidiary of Ayala, AC Logistics is able to fulfill client requirements across the Philippines through its access to an extensive fleet of transportation assets, including its own temperature-controlled trucks and a wide network of agents.

“AC Logistics has, in a short period, grown to be an important player in the logistics sector in the Philippines. We are proud and looking forward to work alongside AC Logistics and Ayala Corp. to accelerate growth and continue to provide customers with market leading supply chain solutions – in short, doing well while doing good,” Lars Reno Jakobsen, senior partner of A.P. Moller Capital, said.

Ayala said that funds managed by A.P. Moller Capital have strong track records of building successful businesses in the transport sector across the globe.

Should its collaboration with A.P. Moller Capital comes to fruition, Ayala said that it would unite two organizations with complementary expertise and a common vision.

Headquartered in Denmark, A.P. Moller Capital invests in and develops businesses that support sustainable economic growth and prosperity in its markets of operations, while striving to deliver consistent and attractive investment returns to its investors.