DP World has grown from its roots in Jebel Ali Port in Dubai to be a leading global trade enabler/Bloombergby Kudakwashe Muzoriwa
Dubai port operator, DP World has acquired a 44 per cent stake in Swiss container terminal operator Swissterminal Holding and the Mayer family, who founded the business, will remain a majority shareholder.
The partnership is expected to expand the companies’ terminal networks, increase efficiency and grow their service portfolios.
Dr Martin Neese, the Managing Director of DP World Logistics, said, We are excited to invest in an innovative container terminal operator with extensive industry know-how, committed employees and strong values.”
In a statement, state-controlled DP World said that Swissterminal operates additional locations in Zurich-Niederglatt, Basel-Birsfelden as well as Basel-Kleinhueningen and Liestal.
The terminals are 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.
Furthermore, the cooperation 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 CEO.