M&A - GXO Logistics, Inc.

Form Type: 8-K

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925015008

Filing Summary: On February 19, 2025, GXO Logistics, Inc. reported on the United Kingdom Competition and Markets Authority's (CMA) Interim Report concerning their acquisition of Wincanton plc. The CMA's report provisionally found no significant competition concerns regarding the acquisition of the majority of Wincanton’s business. However, it highlighted potential competitive issues for a small subset of large customers, which account for less than 10% of Wincanton's revenue. These customers possess substantial pricing power and can meet their logistics needs from a variety of suppliers. GXO disagrees with the CMA's provisional findings and plans to engage with the CMA during its Phase 2 review process, aiming for a resolution by the end of April 2025.

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