German Railroad May Buy BAX Global
From Reuters
Germany’s national rail operator, Deutsche Bahn, plans to buy U.S. logistics firm BAX Global, a unit of security group Brink’s Co., for as much as 1 billion euros ($1.2 billion) to boost its global coverage, sources at Deutsche Bahn said.
Buying Irvine-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 such as Deutsche Post and Kuehne & Nagel.
A representative of Brink’s, known for its armored car and home security business, was not available for comment, and a BAX Global spokeswoman declined to comment.
