GXO Logistics acquires Wincanton, adding $1.8B in revenue and expanding in industrial and aerospace sectors.
GXO Logistics, the world's largest pure-play contract logistics company, has recently acquired Wincanton, adding $1.8B in revenue and expanding its presence in the industrial and aerospace sectors. New business wins increased 55% in Q1, reaching a 12-month high of $2.2B in sales pipeline, indicating strong demand growth. GXO's 2027 financial targets include a 10% CAGR in organic revenue, 15% in adjusted EBITDA, and a CAGR of over 15% in adjusted EPS. If achieved, the stock could potentially double within the next three years.
May 11, 2024
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