DP World chooses landlocked Switzerland for its next investment

DP World chooses landlocked Switzerland for its next investment

Global terminal operator DP World has chosen a landlocked country for its next investment. The Dubai-headquartered company is buying into the Mayer family-controlled Swissterminal Holding, taking a 44% stake in the Swiss firm for an undisclosed price.

Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, 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. Roman Mayer will continue to serve as Swissterminal’s CEO.

Dr Martin Neese, managing director of DP World Inland, said: “We are excited to invest in an innovative container terminal operator with extensive industry know-how, committed employees and strong values.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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