News / Gatemore chief piles on the pressure as DX Group unveils merger plan

DX Group’s largest shareholder has criticised the logistics operator over a proposed merger with John Menzies Distribution amidst poor first-half results.

The move came just over a week after it called for a shake-up of the company’s board.

DX Group announced today it had begun talks with John Menzies Distribution over a potential £60m acquisition, a deal he said could create £8m-£12m of cost synergies a year.

Chief executive Petar Cvetkovic said: “We believe the combination of the businesses has strong strategic logic for all stakeholders and ...