GXO Logistics, the world’s largest pure-play contract logistics provider, headquartered in Greenwich announced on April 29 that it completed the acquisition of Wincanton plc.
Wincanton is a major provider of logistics services throughout the United Kingdom and Ireland, and its acquisition will help GXO expand offerings in a diverse array of sectors including aerospace, utilities, industrial production and healthcare.
Outstanding shares will be paid out at 605 pence, roughly $7.58 USD, each.
“We are very pleased to complete this valuable acquisition for our company, which advances our position as the global pure-play logistics leader, and we look forward to welcoming Wincanton’s high-quality team to GXO. By combining Wincanton’s footprint and proven expertise in the UK and Ireland with our global reach and transformative technology, we can provide a wider range of services to new and existing customers across geographies – and accelerate our long-term growth trajectory,” said GXO CEO Malcom Wilson.
