Clipper Logistics is recommending a takeover deal by a US firm in a deal which values the business at £965m.
GXO Logistics has reached agreement with the board of Clipper Logistics, an e-fulfilment, fashion and high-value logistics specialist based in Leeds, on a recommended cash and share acquisition.
In a Stock Market announcement, the firms said the acquisition is a compelling strategic combination which significantly increases the opportunities for both businesses in the high-growth e-commerce/e-fulfilment area.
