Business, Freight News, Logistics

Competition watchdog to probe GXO’s Wincanton takeover

[ June 26, 2024   //   Chris Lewis ]

The UK’s Competition and Markets Authority has launched an investigation into the completed acquisition of Wincanton by GXO Logistics. The CMA said that it has reasonable grounds for suspecting that arrangements are in progress or in contemplation which would result in the two companies ceasing to be distinct.
Wincanton, one of the UK’s largest and oldest logistics companies, accepted an offer by GXO Logistics Directors to buy the company in March over a rival bid from CMA CGM subsidiary Ceva Logistics. Wincanton operates more than 170 sites across the country with a 20,300-strong team – including 5,000 drivers – and a fleet of 8,500 vehicles, mainly involved in domestic UK and Irish distribution. US-owned GXO, already owns Clipper Logistics in the UK and some years ago acquired TDG as well as France’s Norbert Dentressangle.

Tags: XPO; Wincanton