GXO Logistics / Clipper Logistics merger inquiry

The CMA investigated the completed acquisition of Clipper Logistic Plc by GXO Logistics, Inc.

From:
Competition and Markets Authority
Published
18 May 2022
Last updated
19 October 2022 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Transport
Outcome:
Mergers - phase 1 clearance
Opened:
18 May 2022
Closed:
19 October 2022

Statutory timetable

Date Action
4 October 2022 Phase 1 decision announced
12 August 2022 Launch of merger inquiry
2 August 2022 to 16 August 2022 Invitation to comment
17 May 2022 Initial enforcement order

Phase 1

Clearance decision

4 October 2022: The CMA has cleared the completed acquisition by GXO Logistics, Inc. of Clipper Logistics Plc.

Revocation of Initial Enforcement Order

12 September 2022: In view of the statutory restrictions under section 72(2) of the Enterprise Act 2002 and the evidence it has received through the course of its investigation, the CMA has revoked the initial enforcement order. The CMA is continuing to conduct its assessment of the merger and has not yet decided whether the deal will result in a substantial lessening of competition.

Launch of merger inquiry

12 August 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

13 September 2022: the CMA has given notice to the parties that, as a result of the Bank Holiday for the State Funeral of Queen Elizabeth II on the 19th September 2022, the new deadline for the CMA to announce its decision whether to refer the Merger for a Phase 2 investigation is 11 October 2022.

Invitation to comment: closed

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above to:

Principal Case Officer, Josh Dawson: [email protected]

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.

Initial enforcement order

17 May 2022: The Competition and Markets Authority has served an initial enforcement order under section 72 (2) of the Enterprise Act 2002 on GXO Logisitics, Inc. (“GXO”) and Clipper Logistics Plc (“Clipper”) in relation to the anticipated acquisition of Clipper Logistics plc by GXO Logistics, Inc.

Amendments / consents granted

Contact

Please send written representations about any competition or public interest to:

[email protected]

Updates to this page

Published 18 May 2022
Last updated 19 October 2022 + show all updates

  1. Full text of clearance decision published and case closed.

  2. Phase 1 decision announced.

  3. Derogations published.

  4. Statutory deadline updated and description on update added.

  5. Revocation order published.

  6. Derogations published.

  7. Commencement notice published.

  8. Invitation to comment published.

  9. Derogation published.

  10. Derogation letter published.

  11. Derogations published.

  12. Derogation published.

  13. Derogation published

  14. Derogation and variation order published.

  15. First published.

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