GXO Logistics completed the acquisition of Clipper Logistics for $1.28bn.

GXO Logistics, a provider of contract logistics services, completed the acquisition of Clipper Logistics, a firm that offers logistics solutions, for $1.28bn. “We are very pleased to achieve this important milestone. Through this powerful combination, GXO will accelerate our business growth and enhance the value we bring to all stakeholders by providing enhanced offerings to a diversified and expanded customer base. We’re very much looking forward to welcoming the Clipper team to GXO and believe our complementary capabilities and offerings in high growth areas, shared focus on innovation and technology, and great cultural fit will enhance our position as a leading pure-play logistics firm," Malcolm Wilson, GXO CEO.