TITLE

Bax Global acquisition boosts Deutsche Bahn in Asia-Pacific

AUTHOR(S)
Burridge, Elaine
PUB. DATE
November 2005
SOURCE
European Chemical News;11/28/2005, Vol. 83 Issue 2173, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of Deutsche Bahn to sign a contract to acquire Bax Global in a deal reported to be worth $1.1 billion. The acquisition is expected to expand the position of Deutsche in the key growth markets of Asia-Pacific as well as in China and the U.S. According to Deutsche chairman and CEO Hartmut Mehdorn, Bax is an ideal complement to logistics subsidiary Schenker. The combination with Schenker places Deutsche into second place worldwide in terms of air freight and shipping.
ACCESSION #
19177838

 

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