GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has signed a multi-year agreement with Sky Italia, Italy's leading media & entertainment company and a European entertainment leader.
This morning’s news release reported the agreement involves managing Sky's supply chain from the GXO warehouse in Colleferro where Sky’s Business Core products (decoders and routers) and the Glass line (Smart TV) will be stored, as well as all the merchandising related to the Sky brand and TV series.
“This collaboration aligns perfectly with our growth strategy in the Technology sector,” said Alessandro Renzo, GXO's Managing Director for Italy and Switzerland. “Our long-standing presence in the greater area of Rome has allowed us to offer Sky the best possible operational solution, as well as the implementation of the direct staffing model.”
Colleferro warehouse, where GXO has been operating since 2010, has a total size of 30,000 square meters, including 7,000 square meters dedicated to the storage of over one million Sky products. The multi-user site allows GXO to offer a scalable solution that can support the growth of Sky's business during peak periods.
In addition, the warehouse has high levels of security, to ensure security for high-value products. The warehouse is equipped with LED lighting and battery-powered trolleys to reduce environmental impact.
GXO shares ended Monday at $52.14.