Global logistics giant GXO Logistics’ acquisition of Wincanton has been cleared by the Competition and Markets Authority (CMA).
The watchdog has passed the £762m deal, subject to the divestment of a small number of Wincanton grocery contracts in the UK, and that integration will be permitted with the vast majority of the Wincanton business once certain administrative conditions are met.
The company also announced today (19 June 2025) that it is raising full-year guidance on organic revenue growth, adjusted EBITDA and adjusted diluted EPS.
Malcolm Wilson, chief executive officer of GXO, said: “We are pleased to have the UK regulatory review concluded and are excited to bring the two businesses together. The combination of GXO and Wincanton will enhance GXO’s offering for customers across the UK and Ireland and bring presence in strategic verticals that will serve as a springboard for growth. We are well positioned to move forward swiftly and look forward to welcoming the Wincanton team to GXO.”
In the third quarter, integration is expected to commence and the teams are permitted to collaborate on specified ongoing aerospace and defense tenders in the UK effective immediately. No further regulatory reviews are required.
Wilson added: “Across our operations, we are seeing better than expected volumes and accelerated productivity gains in existing operations and new start-ups. Coupled with greater clarity on the timing of synergy benefits from the Wincanton acquisition, we are pleased to raise our full-year guidance, reflecting the resilience and visibility of our model and our diversification across geographies and verticals.”
More about Wincanton here: https://www.wincanton.co.uk/
https://couriernews.co.uk/blog/cma-clears-762m-gxo-wincanton-logistics-deal/