BAX Global sold to Deutsche Bahn
11-08-2005, 11:19 AM
#1
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Position: 747-400 captain
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BAX Global sold to Deutsche Bahn
Germany’s national rail operator, Deutsche Bahn, plans to buy Irvine logistics firm BAX Global, a unit of Brink’s Co., for up to $1.2 billion, sources at Deutsche Bahn said today. Deutsche Bahn declined to comment officially. [MORE]
11-16-2005, 01:05 PM
#3
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Originally Posted by Plunder Hound
Great another DHL type company. I hope it works out for the boys at ATI and Capital.
11-17-2005, 03:55 AM
#4
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Joined APC: Oct 2005
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Posts: 44
Hmmmm, that is interesting. Now, one sub controls all of BAX's jets. I do know that Brinks has wanted to get rid of ATI for a while, so the price was probably right. I wonder if they merge the two companies or leave them separate? Those Harvard trained MBAs will probably try to merge them to reduce overhead.
11-17-2005, 06:09 AM
#5
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Originally Posted by Plunder Hound
Hmmmm, that is interesting. Now, one sub controls all of BAX's jets. I do know that Brinks has wanted to get rid of ATI for a while, so the price was probably right. I wonder if they merge the two companies or leave them separate? Those Harvard trained MBAs will probably try to merge them to reduce overhead.
So far we are told we will stay separate. ATI is a very different company from CCI. We do combi work for the military and many military contracts. CCI is pretty much domestic at BAX. ATI is teamster and CCI inhouse and we are both under contract talks. Brinks wanted to get rid of BAX for a while not ATI. We were owned by BAX and if anything, ATI padded BAX's bottom line since we have been profitable for the last few years. It would be interesting to see what comes out of this though. All I know we are strapped in and ready for the ride..
