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DP World takes 44% stake in Swissterminal

DP World takes 44% stake in Swissterminal

DP World has entered a strategic partnership with Swissterminal Holding, taking a 44% stake in the Mayer family business, which is Switzerland’s leading container terminal operator.

Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal.

The terminals are connected to container ports in Rotterdam and Antwerp as well as the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.

Through DP World Inland, the UAE-based company is well established in the German and Belgian inland markets and operates four terminals including trimodal transport systems supporting trade flows to connect to the northern range seaports in Europe.

Dr Martin Neese, managing director of DP World Logistics, said: “Swissterminal is a perfect match to our existing inland and seaport operations in Europe. We look forward to developing new intermodal solutions together for the benefit of our customers.”

The cooperation is anticipated to expand the companies’ terminal networks, increase efficiency and grow their service portfolios.

With the transaction, no major structural changes within the respective companies are planned, and Roman Mayer will continue to serve as Swissterminal’s CEO.

Mayer stated: “We are seeing numerous opportunities for Switzerland to grow its success as a major global logistics hub.

“By merging our family-owned business with such a large, international organisation which shares our long-term vision, we will be well-equipped to deliver long-term sustainable growth and cater to a changing industry landscape.”