GXO Logistics responds to UK Competition and Markets Authority's concerns over Wincanton acquisition.

From GlobeNewswire: 2025-02-19 10:45:00

GXO Logistics, Inc. responds to the UK Competition and Markets Authority’s Interim Report, stating that the assessment of competition concerns with the Wincanton business is disproportionate. The CMA’s initial assessment that GXO’s acquisition of Wincanton may reduce competition in dedicated warehousing services to UK grocers is disagreed upon. GXO believes the combination with Wincanton will deliver efficiencies for UK businesses without impacting costs for customers or consumers. The company is working towards full clearance of the transaction by the end of April. GXO is the world’s largest pure-play contract logistics provider, focusing on ecommerce, automation, and outsourcing.



Read more at GlobeNewswire: GXO Statement on U.K. Competition and Markets Authority’s