GXO claims Wincanton takeover will not hurt UK food retailers
The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition ...
By Alex Lennane
AIT Worldwide Logistics is strengthening its position in the UK market with the acquisition of Panther Logistics, a next-day delivery specialist.
AIT already has a “significant presence” in the US white-glove home delivery market and e-fulfilment.
Panther, which recorded profits of £4m ($5.3m) after tax, on turnover of £58m last year, said the acquisition would allow it to invest in its operations and develop new services.
The management will largely remain, with commercial director Gary McKelvey becoming managing director.
“Becoming part of AIT’s expansive ...
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