Clipper Logistics “minded” to accept GXO’s near £1bn acquisition


 

GXO is set to buy Clipper Logistics in a move which sees the US logistics giant ramp up its acquisition drive in the UK and turbo-charge consolidation in the UK logistics market. Announcing the offer in a joint statement, Clipper Logistics and US-listed GXO said the deal would create a “compelling strategic combination which significantly increases the opportunities for both businesses in the high-growth e-commerce/e-fulfilment areas.” It added that the two logistics companies are “natural partners with a very strong […]