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GXO Logistics, Inc. (NYSE: GXO) announced a 20-year partnership with Levi Strauss & Co to manage operations at a 70,000 square meter Dorsten Distribution Center in Germany. The site, LEED and WELL Health-Safety certified, will create up to 650 jobs by 2026. GXO will provide logistics services for LS&Co. across various channels, emphasizing sustainability and cutting-edge technology.
GXO Completes Acquisition of Wincanton
On April 29, 2024, GXO Logistics, Inc. (NYSE: GXO) announced the completion of its acquisition of Wincanton plc. This acquisition enhances GXO's presence in key strategic growth sectors in the UK and Ireland. GXO is now the sole shareholder of Wincanton, with Wincanton shareholders set to receive 605 pence for each Wincanton share held. GXO and Wincanton will continue to operate independently until the completion of the review by the U.K. Competition and Markets Authority (CMA). GXO expects to create significant value for its stakeholders by offering a wider range of services to customers and expanding its global platform. The acquisition will expand GXO's offering and customer base in key strategic growth sectors, resulting in cost synergies of £45m by the third year of integration.
