Ceva Logistics pulls out of race with GXO to acquire Wincanton
Ceva Logistics has formally given up on its plan to acquire the UK’s Wincanton. The CMA ...
Investment firm Gatemore Capital, which spent much of last year engaged in a running war with one of its investments, DX Group, has now called on Wincanton – another of its investments – to divest itself of one of its two divisions. Reuters reports that Gatemore has called on the UK-headquartered logistics operator to conduct a strategic review and refocus the business. Its two transport divisions focus on retail and on construction and industrial services.
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