GXO announced that it is commencing a multi-year plan to significantly expand the Company’s operations in Germany. In its initial phase, GXO is investing in a new, 387,000 square foot, state-of-the-art warehouse in Dormagen, a key logistics location in the Dusseldorf region, that will be a showcase for GXO’s advanced warehousing solutions.
Germany’s contract logistics market, estimated at $20 billion in annual revenue, is expected to grow rapidly due to the ongoing modernization of supply chains, acceleration of nearshoring, and increasing demand from companies to outsource to reduce costs, improve efficiency and deliver a best-in-class consumer experience.
The state-of-the art Dormagen facility will be a launchpad for GXO’s market expansion, led by Stefan Van Hoof, who was recently named GXO’s Managing Director of Central Europe, reporting to Richard Cawston. Stefan Van Hoof joined GXO through its 2022 acquisition of Clipper, where he served as CEO of Mainland Europe, and has over two decades of logistics industry experience and a proven track record of driving profitable growth.
Richard Cawston, GXO’s President, Europe, said:
“One of the many benefits of our acquisition of Clipper was growing our presence in Germany. We are very excited by the significant growth opportunities in this highly attractive market. Our expansion brings to the market a new approach, new energy, as well as offering greater choice than traditional logistics providers. We’re seeing increasing demand to partner with GXO from existing and new customers in ecommerce, fashion, and consumer technology, because of our agility, unique capabilities and tech expertise.”