Dubai-based port operator DP World became the sole owner of Swiss logistics and terminal operator Swissterminal AG last week, after a successful five-year run as a minority shareholder with a 44% stake, according to a statement. There’s no publicly available information about the size of the transaction.
About Swissterminal: The company provides terminal handling, storage, and rail and barge transport. It also operates in hubs that connect Switzerland, South Germany, and France to key European ports.
The pitch: “By becoming fully integrated into DP World, Swissterminal will strengthen its capabilities in offering seamless end-to-end supply chain solutions. This strategic step enhances customer benefits by providing greater efficiency, expanded service offerings, and access to DP World’s extensive global logistics network. Customers will benefit from a wider selection of transport modes, optimized transit times, and sustainable, low-carbon transportation solutions,” the statement reads.
New leadership: The purchase will see then-COO Matthias Dischinger (Linkedin) assume the role of CEO of Swissterminal AG with immediate effect, the statement said, adding that the Swissterminal name, brand, and all delivery and billing addresses will remain unchanged.