Finance
UK watchdog says GXO-Wincanton deal could reduce competition
Published by Global Banking and Finance Review
Posted on February 19, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 19, 2025
1 min readLast updated: January 26, 2026
The UK regulator warns that GXO's acquisition of Wincanton may reduce competition and increase costs in the UK warehousing sector.
(Reuters) - British competition regulator said on Wednesday U.S.-based warehousing firm GXO's purchase of England-based logistics company Wincanton is likely to reduce competition in the supply of dedicated warehousing services to UK grocery customers.
The Competition and Markets Authority, which launched an in-depth investigation into the 762 million pounds ($958.67 million) acquisition in November, said the initial assessment by its independent inquiry group found that the deal could potentially increase fees and costs for grocers reliant on dedicated warehousing services.
($1 = 0.7948 pounds)
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Shinjini Ganguli)
The UK Competition and Markets Authority announced that GXO's acquisition of Wincanton is likely to reduce competition in the supply of logistics services.
The in-depth investigation into the 762 million pounds acquisition began in November.
The acquisition is valued at 762 million pounds, which is approximately 958.67 million dollars.
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