GXO Logistics, Inc. (NYSE: GXO), the world’s leading pure-play contract logistics provider, has announced that the UK Competition and Markets Authority (CMA) has given green light to its acquisition of Wincanton. The approval comes with a condition that a small number of Wincanton’s grocery contracts in the UK be divested. Integration of the two businesses will proceed for the vast majority of Wincanton’s operations once certain administrative steps are completed.

Malcolm Wilson, GXO’s chief executive officer, commented, “We are pleased to have the UK regulatory review concluded and are excited to bring the two businesses together. The combination of GXO and Wincanton will enhance GXO’s offering for customers across the UK and Ireland and bring presence in strategic verticals that will serve as a springboard for growth. We are well positioned to move forward swiftly and look forward to welcoming the Wincanton team to GXO.”

The integration process is set to begin in the third quarter, with teams already allowed to collaborate on specific ongoing aerospace and defence tenders in the UK. No further regulatory approvals are required.

In addition to the regulatory update, GXO raised its full-year 2025 guidance, reflecting stronger-than-expected volumes and faster productivity improvements across both existing facilities and new start-ups. Wilson said, “Across our operations, we are seeing better than expected volumes and accelerated productivity gains in existing operations and new start-ups.” He added, “Coupled with greater clarity on the timing of synergy benefits from the Wincanton acquisition, we are pleased to raise our full-year guidance, reflecting the resilience and visibility of our model and our diversification across geographies and verticals.”

The updated full-year 2025 outlook, which factors in anticipated synergies from the Wincanton deal (pending integration start in Q3), includes:

• Organic revenue growth forecast raised to 3.5% to 6.5%, up from 3% to 6%;
• Adjusted EBITDA expected between $860 million and $880 million, up from $840 million to $860 million;
• Adjusted diluted EPS projected at $2.43 to $2.63, increased from $2.40 to $2.60;
• Adjusted EBITDA to free cash flow conversion remains steady at 25% to 35%.

This regulatory clearance and revised guidance mark a significant step forward for GXO as it strengthens its position in the UK and Ireland markets and prepares to capitalise on new growth opportunities across strategic sectors.