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United Kingdom logistics firm Exel has made a 328 million (US $602 million) offer for its competitor Tibbett & Britten. With this purchase, Exel would strengthen its presence in the United States contract logistics market, where T&B's consumer goods and retail customers would complement its own mostly industrial client and freight-forwarding activities. The enlarged company, with combined revenue of 6.7 billion (US $12.3 billion), would dominate the fragmented UK logistics sector and enjoy greater influence overseas.