We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » GXO makes offer for UK-based Clipper Logistics

GXO makes offer for UK-based Clipper Logistics

Contract logistics provider offers to buy Clipper for approximately $1.3 billion in cash and shares.

GXO-announces-expanded-use-of-robotics-in-UK-warehouses.jpg
March 1, 2022
Supply Chain Quarterly Staff
No Comments
The boards of directors of GXO Logistics and Clipper Logistics plc agreed this week to a cash and share acquisition of Clipper by GXO, worth approximately $1.3 billion.

Greenwich, Conn.-based GXO has offered 920 pence per share (approximately $1.25) for UK-based Clipper—690 pence per share in cash and the remainder in GXO stock. If approved, the deal is expected to be completed this summer, according to a GXO spokesperson. The announcement comes just months after GXO began trading on the New York Stock Exchange.

Based in Leeds, Clipper Logistics serves retailers across the United Kingdom and Europe. GXO leaders said the deal will strengthen GXO’s returns and repairs capabilities, expand its e-commerce customer base, and bolster its presence in key growth areas, including Germany and Poland, as well as the life sciences industry. They said it will also accelerate the expansion of the company’s GXO Direct distribution network to Europe.

“We believe our very strong cultural fit, deep familiarity with local industry dynamics and commitment to invest and grow in highly attractive markets will enable a seamless integration,” GXO’s CEO Malcolm Wilson said in a press release Monday. “On behalf of our more than 100,000 GXO team members, including 33,000 in the UK, I look forward to welcoming Clipper’s talented people to our organization. We’re very excited about the tremendous possibilities ahead.”
Logistics Logistics Services
KEYWORDS Clipper Logistics plc GXO Logistics
  • Related Articles

    GXO Logistics begins trading, rings NYSE opening bell

    MHS introduces IoT-based predictive maintenance solution for logistics facilities

    GXO pairs with investment firm to back logistics tech startups

Recent Articles by Supply Chain Quarterly Staff

Companies to grow investments in energy-transition solutions, emissions reduction

Cargo imports forecast to sink near three-year low in February

Air cargo demand slumped in 2022 after “extraordinary” levels in 2021

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing