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Jan 24, 2020 at 5:07 AMDP World from Dubai and Swissterminal Holding AG based in Frenkendorf near Basel, Switzerland, have formed a strategic partnership. Effective January 23, 2020, DP World will acquire 44% of the shares in Swissterminal Holding AG. The Mayer family, the founders of the company, will remain the main shareholders.
(Frenkendorf, January 21, 2020) Swissterminal and DP World expect a significant competitive advantage and the expansion of both companies’ leadership positions through their partnership. The partners anticipate that the cooperation will lead to a larger terminal network, increased efficiency, and an expanded service portfolio. No structural changes within the two companies are planned as part of this transaction, and Roman Mayer will continue to act as CEO of Swissterminal.Dr. Martin Neese, Managing Director of DP World Inland, says: “We are very pleased to invest in an innovative container terminal operator that has extensive expertise, dedicated employees, and solid values. The strategic partnership with Swissterminal strengthens DP World’s position as a leading provider of supply chain solutions for inland operations. Swissterminal is the perfect complement to our existing offerings of inland terminals and seaport services in Europe. We look forward to developing new intermodal solutions for our customers together in the future.”Roman Mayer, CEO of Swissterminal AG, comments: “We are excited to welcome DP World as our partner, especially at a time when we are seizing numerous opportunities to further develop Switzerland as an important hub for global logistics.” He adds: “We are connecting our family-owned company with a large international organization that shares our long-term vision. This positions us well to generate sustainable growth and respond to changing market conditions.”Swissterminal operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhüningen, and Liestal. All facilities have excellent connections to the major 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 has evolved from its roots in the Jebel Ali port in Dubai to become a leading player in global trade, providing cargo owners with complete logistics services through its network of 150 facilities in over 45 countries, including ports, economic zones, warehouses, feeder services, and land transport. DP World focuses on rapidly growing markets and key trade routes, developing technologies to eliminate inefficiencies in the supply chain. Through DP World Inland, the company is well established in the German and Belgian inland markets. It operates four terminals, including trimodal transport systems that support trade flows for connections to the North Range seaports in Europe.
Photo: Swissterminal
