Dubai-based port operator DP World became the sole owner of Swiss logistics and terminal operator Swissterminal 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 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,” the statement reads. DP World also now plans to invest in infrastructure and sustainable logistics solutions across the Swiss and tri-border region in a bid to boost Swissterminal’s role in international container traffic in the region, the statement said.

New leadership: The transaction 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.

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