Deutsche Bahn – Bax Acquisition?
In signs that the industry is continuing to consolidate, Reuters reports that Deutsche Bahn, the parent company of Schenkers, plans to buy U.S. logistics firm Bax Global for $1 billion euros. Both companies have yet to comment on the news.
Buying Irvine, California-based BAX Global would boost Deutsche Bahn’s U.S. competitiveness and strengthen its logistics arm Schenker by adding air and sea transport from the United States to Europe and Asia, pressuring rivals like Deutsche Post and Kuehne & Nagel.
Brinks has been looking for a suitor for it’s BAX Global division for quite sometime. To read the complete article visit here.
Comments
Subscribe to our free monthly newsletter to have the latest 3PLwire articles delivered directly to your inbox. Just enter your email below:Tell us what you're thinking...