GXO Logistics Faces UK Competition and Markets Authority Review for Wincanton Acquisition

On November 1, 2024, GXO Logistics, Inc. received notice from the UK Competition and Markets Authority (CMA) indicating a potential referral of GXO’s acquisition of Wincanton plc for a detailed Phase 2 investigation. The CMA has expressed this intention unless acceptable undertakings are reached by GXO and the CMA by November 15, 2024.

Having finalized its acquisition of Wincanton on April 29, 2024, GXO Logistics and Wincanton will continue to function independently until the CMA concludes its review. GXO Logistics has stated its dedication to collaborating constructively with the CMA to ensure a favorable resolution and remains optimistic about receiving regulatory approval.

The information disclosed as part of this regulatory filing (Item 7.01) is not to be considered a “filed” document under Section 18 of the Securities Exchange Act of 1934. It is not subject to the same liabilities or obligations under that Section and is not incorporated by reference into any filings under the Securities Act of 1933 or the Exchange Act unless explicitly referred to in such filings.

Additionally, as part of this disclosure, GXO Logistics has submitted the required Exhibit 104 – Cover Page Interactive Data File, embedded within the Inline XBRL document.

As per the signing requirements of the Securities Exchange Act of 1934, this report has been duly signed on behalf of GXO Logistics, Inc. on November 1, 2024, by Karlis P. Kirsis, the Chief Legal Officer of the company.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read GXO Logistics’s 8K filing here.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.