Deutsche Bahn’s purchase of BAX Global finalized
German state-owned rail operator Deutsche Bahn AG has completed the $1.1 billion takeover of BAX Global, the logistics unit of U.S. security firm The Brink’s Co.
The Brink’s Co. said its net proceeds after the payment of taxes and transaction costs are expected to be about $1 billion.
Deutsche Bahn is also the parent company of international forwarding giant Schenker.