DP World, Dubai-based port and terminal operator, commenced a strategic partnership with Switzerland’s container terminal operator, Swissterminal Holding AG, which will come into force in January 23.
Specifically, in the partnership DP World will take a 44% stake in the Swissterminal Holding AG with the Mayer family — that founded the business — remaining the majority shareholder.
Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.
Moreover, the companies plan that through this cooperation they will expand their terminal networks, increase efficiency and grow their service portfolios, and Roman Mayer will continue to serve as Swissterminal’s CEO.
In light of the cooperation, Roman Mayer, CEO Swissterminal AG, stated that
We are delighted to welcome DP World as our partner, particularly at a time when we are seeing numerous opportunities for Switzerland to grow its success as a major global logistics hub.
Similarly, Martin Neese, Managing Director of DP World Inland added
The strategic partnership with Swissterminal strengthens DP World’s position as a leading provider of inland supply chain solutions. Swissterminal is a perfect match to our existing inland and seaport operations in Europe.
See Also
- DP World wins legal hearing against Djibouti over Doraleh Container Terminal
- CMA CGM, DP World expand their operations at Le Havre port
