UK watchdog says GXO-Wincanton deal could reduce competition

GXO Logistics

19/02/2025 12:24

Feb 19 (Reuters) - British competition regulator said on
Wednesday U.S.-based warehousing firm GXO's  GXO.N  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)
 ((Radhika.Anilkumar@thomsonreuters.com;))