GXO Logistics Inc. (NYSE: GXO), the premier global provider of contract logistics, has released a statement addressing the U.K. Competition and Markets Authority’s (CMA) interim report concerning its proposed acquisition of Wincanton, one of the U.K.'s leading logistics firms. The announcement comes amid ongoing scrutiny as the CMA undertakes its review of the transaction, a process crucial for both companies and the broader logistics sector in the U.K.

1. CMA's Findings and GXO's Response

In the interim report, the CMA indicated that it found no competition concerns regarding the majority of Wincanton's business operations. However, the authority's focus was directed at a limited segment of large, sophisticated companies, which it determined would constitute less than 10% of Wincanton's revenue. GXO contends that this assessment is disproportionate, given Wincanton's overall revenue, which exceeded £1.4 billion in 2024.

GXO's statement expressed strong disagreement with the CMA's preliminary conclusion that the acquisition could potentially diminish competition in the supply of dedicated warehousing services to U.K. grocers. The company argues that these grocery firms possess substantial pricing power and have demonstrated capabilities to manage their logistics needs independently. Additionally, they have a diverse range of logistics providers at their disposal, ensuring competitive service offerings.

2. A Pro-Growth Combination

GXO emphasized the synergies that the Wincanton acquisition would create, framing it as a pro-growth alliance that would enhance efficiencies for U.K. businesses. The company asserts that this merger would not only lower operational costs for businesses but also benefit consumers by reducing overall logistics expenses. GXO maintains that the transaction, when approved, will have no adverse cost implications for U.K. customers or consumers.

The logistics giant highlighted its longstanding commitment to excellence in service delivery within the U.K., reinforcing its belief in the strong case for unconditional clearance of the acquisition. GXO plans to present its detailed response to the CMA at an upcoming hearing scheduled for March and is keen on achieving full clearance by the end of April.

3. About GXO Logistics

GXO Logistics, Inc. is recognized as the world's largest pure-play contract logistics provider, capitalizing on the rapid growth of e-commerce and advancements in automation and outsourcing. With a workforce exceeding 150,000 employees across more than 1,000 facilities totaling approximately 200 million square feet, GXO collaborates with leading blue-chip companies to address complex logistics challenges through innovative supply chain solutions.

Headquartered in Greenwich, Connecticut, USA, GXO is committed to maintaining an inclusive workplace and delivering world-class logistics services. For more information, interested parties can visit GXO.com or connect with the company on various social media platforms.

4. Media Contact Information

For further inquiries, the following media contacts are available:

Brunswick Group

David Litterick

+44 7974 982455

dlitterick@brunswickgroup.com

Brunswick Group

Simon Sporborg

+44 7974 982442

ssporborg@brunswickgroup.com

GXO Logistics

Matthew Schmidt

+1 203-307-2809

matt.schmidt@gxo.com

As GXO Logistics continues to navigate the regulatory landscape surrounding its acquisition of Wincanton, all eyes will be on the upcoming hearing and the subsequent decision by the CMA. The outcome will have significant implications for the logistics sector in the U.K. and the broader strategic direction of GXO as it aims to reinforce its market leadership.

Original press release