The Dubai terminal operator is buying the 44% stake in Swissterminal from the Mayer family who remain majority shareholders. The two companies agreed to not disclose the price of the transaction.
Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. Its inland terminals connect to the ports of Rotterdam, Antwerp, La Spezia, Genoa, Ravenna and Trieste.
Roman Mayer will remain as ceo of Swissterminal with no structural changes planned to the company.
“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,” said Martin Neese, managing director of DP World Logistics.
Mayer commented: “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.”
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