News / GXO Logistics: Clipper buy a "super M&A opportunity"

The boss of GXO Logistics has described the acquisition of Leeds-based Clipper Logistics as a “super M&A opportunity” and one that comes with “an absolute ton of cost synergies”.

The pure-play contract logistics operator, formerly part of the XPO Logistics group which was spun-off last year, had an all-in offer of close to £1 billion accepted by the e-fulfilment company’s shareholders last month. GXO expects to complete the deal, which is subject to regulatory approval, by late summer.

Chief executive Malcolm Wilson ...