Cooperation
Swissterminal and DP World enter into strategic partnership
DP World and Swissterminal Holding AG, the leading operator of container terminals in Switzerland according to the company, have entered into a strategic partnership.
With effect from January 23, DP World acquires 44% of the shares in Swissterminal Holding AG. The Mayer family, founder of the company, remains the main shareholder.
Terminal network expanded
Swissterminal and DP World expect their partnership to result in a significant competitive advantage and the expansion of both companies' leading positions. The partners anticipate that the cooperation will lead to a larger terminal network, increased efficiency and an expanded service portfolio. No structural changes are planned within the two companies as part of this transaction, and Roman Mayer will continue to act as CEO of Swissterminal.
Swissterminal, based in Frenkendorf near Basel, operates further sites in Zurich Niederglatt, Basel-Birsfelden, Basel-Kleinhüningen and Liestal. The facilities have good connections to Europe's largest container ports in Rotterdam and Antwerp as well as to the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.
DP World: Roots in Dubai
DP World has evolved from its roots in Jebel Ali Port in Dubai to become a player that provides complete logistics services to cargo owners through its network of 150 facilities in more than 45 countries, including ports, economic zones, warehouses, feeder services and overland transportation.
Dr. Martin Neese, Managing Director of DP World Inland, says: "We are delighted to invest in an innovative container terminal operator with extensive expertise, dedicated employees and solid values. The strategic partnership with Swissterminal strengthens DP World's position as a leading provider of inland supply chain solutions. Swissterminal is the perfect complement to our existing range of inland terminals and seaport services in Europe. We look forward to jointly developing new intermodal solutions for our customers in the future."
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