For the very first time, A.P. Moller Capital, through EMIF II Holding III B.V. is investing in the Philippine market as it entered into a binding agreement to acquire 40% of AC Logistics (ACL), currently a wholly-owned subsidiary of Ayala Corporation (AC) and one of the country’s leading logistics providers.
In a joint statement on March 5, 2025, both parties said they will jointly develop and grow AC Logistics into a leading integrated logistics provider in the Philippines.
There was no mention as to the value of the 40% stake in AC Logistics. Completion of A.P. Moller Capital’s investment in AC Logistics is subject to the satisfaction of several conditions precedent, including local and foreign regulatory approvals.
A.P. Moller Capital’s investment in AC Logistics is its first investment in the Philippines, which is in dire need of efficient logistics system amid growing trade flows and efforts to modernize supply chains.
Funds managed by A.P. Moller Capital have strong track records of building successful businesses in the transport sector across the globe.
“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.” said Cezar P. Consing, President and CEO of Ayala Corporation.
“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 Corporation to accelerate growth and continue to provide customers with market leading supply chain solutions – in short, doing well while doing good.” said Lars Reno Jakobsen, senior partner of A.P. Moller Capital.
“This 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 Philippines. We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector,” said Erry Hardianto, President and CEO of AC Logistics.
Established by AC in 2021, ACL currently offers holistic supply chain solutions covering cold chain solutions, freight forwarding, national distribution and contract logistics. ACL operates a nationwide network of distribution centers, giving clients access to consistent quality service across multiple locations. Having access to an extensive fleet of transportation assets, including its own temperature-controlled trucks, and an extensive network of agents enables ACL to fulfill client requirements across the Philippines.
Ayala Corporation’s strong position in the Philippines together with A.P. Moller Capital’s expertise in logistics will support AC Logistics’ path to scale its operations and become a leading integrated logistics provider in the country.
The joint statement added that should the collaboration between A.P. Moller Capital and Ayala Corporation come to fruition, it will unite two organizations with a common vision of fostering economic growth and longterm prosperity through strategic investments.
