M&A Deal Summary

GXO Logistics Acquires Wincanton

On February 29, 2024, GXO Logistics acquired transportation company Wincanton

Acquisition Highlights
  • This is GXO Logistics’ 1st transaction in the Transportation sector.
  • This is GXO Logistics’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-02-29
Target Wincanton
Sector Transportation
Buyer(s) GXO Logistics
Deal Type Add-on Acquisition

Target

Wincanton

Chippenham, United Kingdom
Wincanton provides a provision of supply chain solutions. Wincanton was founded in 1925 and is based in Chippenham, the United Kingdom.

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Buyer(S) 1

Buyer

GXO Logistics

Greenwich, Connecticut, United States

Category Company
Sector Transportation
Employees130,000
Revenue 9.8B USD (2023)
DESCRIPTION

GXO Logistics is a pure-play contract logistics provider that is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 970 facilities totaling approximately 200 million square feet. The company partners with blue chip companies to solve complex logistics challenges with technologically advanced supply chain and e-commerce solutions, at scale and with speed. GXO Logistics is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 PFSW

Allen, Texas, United States

PFSW is a commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. PFSW was founded in 1994 and is based in Allen, Texas.

Buy $181M