ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider Danish fund A.P. Moller completes 40% acquisition of Ayala's AC Logistics

Danish fund A.P. Moller completes 40% acquisition of Ayala's AC Logistics

Published Jul 8, 2026 09:37 am

Zobel-led Ayala Corp. reported that A.P. Moller Capital-Emerging Markets Infrastructure Fund II has completed its strategic investment in AC Logistics Holdings Corp., an Ayala subsidiary and a leading integrated logistics provider in the Philippines.

Following the satisfaction of the closing conditions of the transaction, including merger control clearances, A.P. Moller Capital, through EMIF II Holding III B.V., has completed its investment for a 40-percent stake in AC Logistics.

“This partnership reflects Ayala’s long-standing strategy of working with world-class companies to scale our businesses, strengthen execution, and serve customers better,” said Ayala President and Chief Executive Officer (CEO) Cezar P. Consing.

A.P. Moller Capital senior partner Lars Reno Jakobsen noted, “AC Logistics has built a strong position in the Philippine logistics market in a relatively short period of time. 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 Corp. 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,” he added.

The partnership combines A.P. Moller Capital’s global transportation and logistics expertise and operational capabilities with Ayala’s deep local market knowledge, relationships, and track record of building businesses in the Philippines.

A.P. Moller Capital’s investment and strategic partnership with AC Logistics will 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. Moller 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.

In a complementary development, AC Logistics earlier completed its acquisition of an 84-percent 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,” said AC Logistics President and CEO Erry Hardianto.

He added, “Together with A.P. Moller 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.”

AC Logistics’ immediate focus will be on integrating GMI into its network and aligning operations and teams while maintaining the strengths that have driven its success.

The company’s priority is to unlock commercial synergies by leveraging its expanded scale while taking a thoughtful and phased approach to broader integration. — James A. Loyola

Related Tags

Ayala Corporation AC Logistics Holdings Corporation Cezar P. Consing Erry Hardianto Lars Reno Jakobsen
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ static_articles_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.