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A.P. Møller Capital, a unit of Danish transportation and logistics giant A.P. Moller-Maerk Group, completed the purchase of a 40% stake in AC Logistics Holdings Corp., the logistics arm of Ayala Corp.
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The completion follows the satisfaction of closing conditions of the transaction, including merger control clearances
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The partnership combines A.P. Møller Capital’s global transportation and logistics expertise and operational capabilities, with the Ayala Group’s deep local market knowledge, relationships, and track record of business success in the Philippines
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A.P. Møller will strengthen AC Logistics across its four strategic pillars: cold chain, air cargo logistics, contract logistics and national distribution, and project cargo
A.P. Møller’s Capital, a unit of Danish transportation and logistics giant A.P. Møller-Maersk Group, has completed the purchase of a 40% stake in AC Logistics Holdings Corp., the logistics arm of Ayala Corp.
The completion follows the satisfaction of the closing conditions of the transaction, including merger control clearances, Ayala and A.P. Møller Capital said in a joint statement.
The two companies in March 2025 entered a binding agreement for A.P. Møller Capital, through Emerging Markets Infrastructure Fund II, to acquire a 40% stake in AC Logistics. The Philippine Competition Commission in November 2025 gave the greenlight for the acquisition.
READ: PCC clears A.P. Møller’s 40% stake in AC Logistics
The partnership combines A.P. Møller Capital’s global transportation and logistics expertise and operational capabilities, with the Ayala Group’s deep local market knowledge, relationships, and track record of building businesses in the Philippines, according to the joint statement.
A.P. Møller Capital’s investment and strategic partnership with AC Logistics will also support the company’s next phase of growth through the expansion of its nationwide footprint and capacity, enhancement of service offerings across key logistics segments, strengthening of operational capabilities and service quality, and adoption of global best practices and connectivity.
Beyond capital, A.P. Møller Capital brings deep domain expertise in global transportation and logistics that will position AC Logistics strongly for growth across its four strategic pillars: cold chain, air cargo logistics, contract logistics and national distribution, and project cargo while enabling it to strengthen its services in key sectors, including food, agriculture, healthcare, pharmaceuticals, consumer goods, and retail.
GMI purchase
In a complementary development, AC Logistics recently completed its acquisition of an 84% stake in Glacier Megafridge , Inc. (GMI), strengthening its cold chain platform. The addition of GMI enhances AC Logistics’ ability to serve demand for temperature-controlled logistics across food, agriculture, healthcare, and other sectors where reliability and temperature integrity are essential.
“The completion of these transactions marks a transformative step in building a leading integrated logistics platform in the Philippines,” AC Logistics president and chief executive officer Erry Hardianto said.
“Together with A.P. Møller Capital and GMI, we are augmenting our scale, enhancing our capabilities, and expanding our reach across the country. These enable us to provide customers with seamless access to a more comprehensive and interconnected network of logistics nodes across the Philippines,” he said.
AC Logistics’ immediate focus will be on integrating GMI into its network and aligning operations and teams, while maintaining its strengths. The company’s priority is to unlock commercial synergies by leveraging its expanded scale, while taking a thoughtful and phased approach to broader integration.
“AC Logistics has built a strong position in the Philippine logistics market in a relatively short period of time,” A.P. MøllerCapital senior partner Lars Reno Jakobsen said.
He added: “The country’s geography and growth outlook create a clear need for more efficient, resilient, and integrated supply chains. We see an opportunity to support AC Logistics and Ayala Corporation in scaling a platform that can deliver attractive, sustainable long -term growth, serving customers across key logistics segments, while contributing to the wider development of the sector in the Philippines. This partnership reflects Ayala’s long -standing strategy of working with world -class companies to scale our businesses, strengthen execution, and serve customers better.”
AC Logistics, founded in 2021, offers customers integrated solutions centered around cold chain, contract- cross border- and project logistics.
Established in 2017, A.P. MøllerCapital is a value-added infrastructure fund manager and is part of the A.P. MøllerGroup of companies spanning various sectors and industries, including shipping giant Maersk.
