Dubai’s DP World buys into Swiss terminal network
DP World has acquired a 44 per cent stake in Swissterminal Holding AG, the largest container terminal operator in Switzerland. The deal goes into effect per 23 January. The Mayer family, who founded the company, remains the largest shareholder.
The partnership between Swissterminal and DP World will provide an important competitive advantage and strengthen the leading position of the companies in the market. The collaboration allows both companies to expand their terminal network, increase efficiency and broaden the service. There will be no structural changes in the organisations. Roman Mayer remains CEO of Swissterminal. Both companies have agreed not to make a public announcement about the financial details of the transaction.
Swissterminal has its headquarters in Frenkendorf near Basel and branches in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhüningen and Liestal near Basel. All terminals have connections with the major European container ports such as Rotterdam, Antwerp, La Spezia, Genoa, Ravenna and Trieste.
The roots of DP World are in Jebel Ali Port in Dubai. The company offers logistics end-to-end solutions within its network of 150 branches in more than 45 countries. Ports, economic zones, warehouses, feeder services and domestic transport are part of its portfolio. DP World Inland operates four terminals, including trimodal transport systems, and thereby supports trade flows via the northern European ports.
“With Swissterminal we invest in an innovative operator of container terminals with a lot of industry knowledge, motivated employees and strong values. The strategic partnership also strengthens our position as market leader for domestic supply chain solutions”, says Martin Neese, director of DP World Logistics. “Swissterminal is an ideal addition to our existing activities in the European sea and inland ports. We look forward to jointly developing new intermodal solutions for our customers. ”
Roman Mayer, CEO of Swissterminal AG: “With DP World as a partner, we can further expand Switzerland’s success as a global logistics hub. In the current market we see many opportunities to achieve this. By combining our family business with a large, international player who shares our vision for the future, we are laying a solid foundation for sustainable growth in the long term and to respond to the challenges that change in our sector entails. ”