DP World and Switzerland container terminal operator Swissterminal Holding, have entered into a strategic partnership
DP World will take a 44% stake in Swissterminal Holding AG with the Mayer family, who founded the business, remaining the majority shareholder from 23 January 2020. The parties have agreed not to disclose financial details of the transaction.
Swissterminal is headquartered in Frenkendorf close to Basel, and also operates in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to container ports in Rotterdam, Antwerp, La Spezia, Genoa, Ravenna and Trieste south of the Alps.
Through DP World Inland, DP World said it is well established in the German and Belgian inland markets and operates four terminals including trimodal transport systems supporting trade flows to connect to the northern range seaports in Europe.
The Swissterminal and DP World partnership is expected to deliver a strong competitive advantage. The co-operation is anticipated to expand the companies’ terminal networks, increase efficiency and grow their service portfolios.
With the transaction, no major structural changes within the respective companies are planned, and Roman Mayer will continue to serve as Swissterminal’s chief executive.
DP World Inland managing director Dr Martin Neese said “We are excited to invest in an innovative container terminal operator with extensive industry know-how, committed employees and strong values. 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. We look forward to developing new intermodal solutions together for the benefit of our customers”.
“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,” said Mr Mayer. “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.”