Schenker and BAX complete merger in Singapore
German logistics firm Schenker and Irvine, California-based BAX Global have formally and legally completed their merger in Singapore. The joint organization now operates under the name Schenker Singapore (Pte) Ltd.
Schenker Singapore provides customized air, ocean and logistics solutions, and specialized services to a vast array of industries.
According to the company, the combined logistics operations of the two firms now cover more than 1.4 million square feet across 13 facilities.
In 1998, Schenker invested $29 million to set up the Schenker Logistics Center in Singapore. Following this, the firm established the Mega-hub in 2006, which is the largest freight and logistics facility in the Airport Logistics Park of Singapore located within the free trade zone.
Early last year the two parent firms merged and now are in the process of integrating around the world. They recently completed merging the two companies in Singapore, Indonesia and Japan and Taiwan.
The merged organization now has a team of about 55,000 experts at 1,500 locations in 150 countries.