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GXO-Wincanton deal would raise costs for supermarkets, says CMA

Summary by City AM

Logistics firm GXO’s takeover of Wincanton is likely to reduce competition and bump up costs for supermarkets stocking up shelves, according to the UK’s competition watchdog. The Competition and Markets Authority (CMA) on Wednesday published its initial assessment into the £762m deal following a year-long investigation. The regulator noted GXO and Wincanton are currently two of the three suppliers of dedicated warehousing services used by grocer…

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thebusinessmagazine.co.uk

Wincanton's logistics merger with GXO could push up supermarket costs says CMA

USA-based logistics giant GXO’s purchase of Chippenham-based Wincanton is likely to reduce competition in the supply of dedicated warehousing services to UK grocers and push up deal costs for grocers, according to an initial assessment by The Competition and Markets Authority independent inquiry group. GXO announced its deal to acquire Wincanton in February 2024 for an enterprise value of £764... Source

2 days ago

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transportnews.co.uk

CMA: GXO Wincanton Merger Would ‘Likely’ Reduce Competition

GXO’s acquisition of Wincanton is hanging in the balance after the latest investigation into the deal by the UK competition watchdog concluded the merger is ‘likely’ to reduce competition, reports Carol Millett, in the supply of dedicated warehousing services to grocery customers in the UK. This is the initial finding of the Competition and Markets Authority (CMA) independent inquiry group. The independent inquiry group was set up to carry out a…

2 days ago

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kamcity.com

CMA Finds That GXO’s Purchase Of Wincanton Could Lead To Supermarkets Facing Higher Costs

The Competition and Markets Authority (CMA) has published the findings from its initial assessment of GXO’s £762m purchase of logistics rival Wincanton, in which it warns that the deal could reduce competition in the supply of dedicated warehousing services to (more…) The post CMA Finds That GXO’s Purchase Of Wincanton Could Lead To Supermarkets Facing Higher Costs appeared first on KamCity.

2 days ago

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Sourcing Journal

GXO-Wincanton Acquisition in UK Antitrust Body’s Crosshairs

The CMA says the $965 million deal likely means a “substantial lessening of competition” in the supply of dedicated warehousing services to U.K. grocers.

3 days ago

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The Loadstar

UK competition watchdog issues objections to GXO's $1bn Wincanton buy - The Loadstar

GXO’s tabled £960m ($1.2bn) takeover of UK contract logistics operator Wincanton was thrown into doubt today after the UK regulators issued provisional findings that suggested the deal would likely “reduce competition in the supply of dedicated warehousing services to grocery customers in the UK”. Presenting its initial conclusions from its second phase analysis of the deal, the Competition and Markets Authority (CMA) said there are only three c…

3 days ago

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foodmanufacture.co.uk

£762m merger could ‘raise logistics costs’

The independent inquiry group for the Competition and Markets Authority (CMA) has delivered the initial assessment that GXO’s purchase of Wincanton is likely to reduce competition within the UK logistics sector.

3 days ago

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