DP World buys 44pc of Swissterminal to improve European inland links
DUBAI global port operator DP World has taken 44 per cent of Swissterminal Holding, the leading container terminal operator in Switzerland, while leaving the Mayer family, who founded the business, with the controlling interest
DUBAI global port operator DP World has taken 44 per cent of Swissterminal Holding, the leading container terminal operator in Switzerland, while leaving the Mayer family, who founded the business, with the controlling interest.
Roman Mayer will continue to serve as Swissterminal's CEO. Swissterminal, based in Frenkendorf near Basel, also operates in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal.
'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,' said Mr Mayer.
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 on the Mediterranean.
The Swissterminal and DP World partnership is expected to deliver a strong competitive advantage and enhance the industry leading position of both companies. The cooperation is to expand thecompanies' terminal networks, increase efficiency and grow their service portfolios.
Said DP World inland chief Martin Neese: 'The partnership strengthens DP World's position as a leading provider of inland supply chain solutions. We look forward to developing new intermodal solutions together.'
DP World operates through a network of 150 facilities in 45 countries at ports, economic zones, warehousing, feeder services and inland transport, focusing on faster growing markets and key trade routes.