AI, robot: Tech firm Dexory lands $165m funding round Tech Autonomous warehouse intelligence firm Dexory has marked the next phase of its expansion after sealing $165m (£124m) in fresh funding. The firm, which uses autonomous robots, AI and digital twin technology, said the funding comprises $100m in a Series C equity raise alongside $65m in debt. The round was led by LTS Growth and Endeavor [...]
Wincanton: Losses double as GXO takeover decision drags on Business Losses at Wincanton have doubled after leaving the London Stock Exchange as a decision over its acquisition by GXO has still yet to be made. The Wiltshire-headquartered business slipped into the red for the first time in more than 20 years in the year to 31 March, 2024 – posting a pre-tax loss of £44.9m. [...]
GXO-Wincanton deal would raise costs for supermarkets, says CMA Business Logistics firm GXO’s takeover of Wincanton is likely to reduce competition and bump up costs for supermarkets stocking up shelves, according to the UK’s competition watchdog. The Competition and Markets Authority (CMA) on Wednesday published its initial assessment into the £762m deal following a year-long investigation. The regulator noted GXO and Wincanton are currently two [...]
Higher prices warning issued over Wincanton takeover as GXO handed ultimatum November 1, 2024 The £762m takeover of Wincanton by GXO could lead to higher prices for business customers in the UK, according to the Competition and Markets Authority (CMA). The watchdog has issued its initial findings on the deal which saw the Wiltshire-based business taken over by logistics giant GXO and delist from the London Stock Exchange earlier [...]
Wincanton slipped into the red before London deslisting by US logistics giant July 8, 2024 Wincanton slipped into the red for the first time in more than 20 years in the year leading up to it being taken private by the logistics giant GXO.