Tag: Deutsche Bahn

Deutsche Bahn sees future in global freight, logistics arena

Posted by | Sep 26, 2006 | |

Germany might be a country far, far away for most Chinese, but many warehouses and trucks in China’s large cities bear the DB logo of Germany’s state-owned railway operator, Deutsche Bahn AG.

Handling and transporting goods from all over the world is developing into an increasingly important business for the conglomerate.

With the acquisition of the US logistics company Bax Global at the end of last year, the transport firm Schenker, a Deutsche Bahn sister company, has ascended to the top of international freight forwarders and is expected to consolidate its position not only in China.

For Deutsche Bahn chief executive Hartmut Mehdorn, expectations for growth in this transport sector are high and crucial for the company’s planned stock-exchange listing.

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Deutsche Bahn to buy US logistics firm Bax Global for 1.1 bln dlrs

Posted by | Nov 16, 2005 | |

Deutsche Bahn, the German state-owned rail operator, said Wednesday it planned to acquire buy US logistics firm Bax Global, a wholly-owned unit of Brink’s, for 1.1 billion dollars (940 million euros). A corresponding agreement was signed by both parties in New York on Tuesday and the deal was expected to be finalised “in the next few wkees”, Deutsche Bahn said in a statement. The German giant itself did not reveal the purchase price. But in a separate released on its own website, Brink’s put it at “approximately 1.1 billion dollars in cash”. Deutsche Bahn chairman Hartmut Mehdorn said: “Bax fits perfectly with our strategy and is an ideal addition to our logistics subsidiary Schenker.” The German company said the deal would make Deutsche Bahn the world’s number one transport and logistics group.

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Deutsche Bahn supervisory board approves planned Bax buy

Posted by | Nov 13, 2005 | |

Deutsche Bahn AG’s supervisory board yesterday approved plans to acquire US logistics firm Bax Global in a move designed to strengthen the company’s international freight operations, sources said. Bax, a unit of US security company Brink’s, could cost Deutsche Bahn up to 1 bln eur, the sources said. It has around 12,000 staff and deals mainly in air and sea freight. The move would help Deutsche Bahn strengthen its logistics arm Schenker.

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Deutsche Bahn to buy BAX Global

Posted by | Nov 7, 2005 | |

Deutsche Bahn, the German state-owned railway company, is preparing to acquire BAX Global, the U.S. freight forwarder, in a bid to catch up with the consolidation sweeping the global logistics industry. Europe’s biggest railway operator is likely to pay between $960 million and $1.2 billion for Irvine, Calif.-based BAX, a unit of the Brink’s Co., a security and logistics company. Deutsche Bahn will decide whether to proceed with the acquisition at an extraordinary meeting of its supervisory board on Saturday, according to German press reports. Deutsche Bahn is expected to fold BAX into Schenker, its freight forwarding unit that has been under pressure to match recent takeovers by rivals, most recently Deutsche Post’s $6.7 billion acquisition of Exel, the UK’s largest ocean and air freight forwarder and contract logistics company, and Swiss-based Kuehne & Nagel’s $588 million acquisition of Paris-based ACR Logistics from Platinum Equity Group, a private U.S. investors group.

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Swiss Post, German Deutsche Bahn to cooperate in road fleet management

Posted by | Sep 19, 2005 | |

Switzerland’s postal services provider Swiss Post and German railways Deutsche Bahn AG have set up a joint venture, aimed at stepping up their cooperation in the field of road fleet management, both companies said on September 19, 2005. The companies set up the joint venture through their fleet management subsidiaries Mobility Solutions AG and DB Fuhrpark Service GmbH. The joint venture is aimed at achieving synergy effects and encouraging know-how exchange between both companies.

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