The UK’s Competition and Markets Authority (CMA) has cleared GXO’s takeover of British logistics firm Wincanton, conditional on the sale of a small number of Wincanton’s UK grocery contracts. The remainder of the integration may proceed once certain administrative conditions are met.
GXO confirmed on Wednesday that it now expects to begin integrating the two businesses in the third quarter of this year. The companies are also permitted to begin collaborating on specified aerospace and defence tenders with immediate effect. No further regulatory approvals are required.
In the same announcement, GXO raised its full-year 2025 financial guidance, citing stronger-than-expected volumes, early productivity gains, and increased visibility on the timing of expected synergies from the Wincanton acquisition.
The revised forecast includes:
- Organic revenue growth of 3.5% to 6.5% (up from 3%–6%)
- Adjusted EBITDA of $860m to $880m (up from $840m–$860m)
- Adjusted diluted earnings per share of $2.43 to $2.63 (up from $2.40–$2.60)
“We are seeing better than expected volumes and accelerated productivity gains in existing operations and new start-ups,” said Malcolm Wilson, GXO’s chief executive. “Coupled with greater clarity on the timing of synergy benefits from the Wincanton acquisition, we are pleased to raise our full-year guidance.”
GXO is the world’s largest pure-play contract logistics provider, employing over 150,000 people across more than 1,000 sites worldwide. The acquisition of Wincanton, a leading UK supply chain specialist, was first announced earlier this year.
The transaction adds strategic verticals to GXO’s UK and Ireland operations, with full integration expected to bolster its position in key sectors.
