Comment / Ceva + Wincanton – let the M&A party begin?

ID 113658209 © Anyaberkut | Dreamstime.com

With hindsight*, ever since rumours emerged concerning the restructuring acceleration at Ceva Logistics almost a year ago, the UK had to be the place where M&A would spring back to life for the CMA CGM-owned 3PL.

And today, a recommended cash offer for Wincanton (WIN) of the UK was disclosed, put forward by Ceva Logistics UK Rose Limited – the “Bidco” vehicle, a subsidiary of Ceva Logistics SA.

(*Yeah, Chris Walton – one of the very first managers disclosed in the new ...