A.P. Moller-Maersk, a Danish shipping and logistics service provider, announced on Wednesday that it had completed the acquisition of LF Logistics, a Hong Kong-based contract logistics company with capabilities within omnichannel fulfillment services, e-commerce and inland transport in the Chinese mainland and the Asia-Pacific region.

With a total transaction value of $3.6 billion, Maersk will add 223 warehouses to its existing portfolio, bringing the total number of facilities to 549 globally, with a total floor area of 9.5 million square meters, said the company.