DP World acquires 44% stake in Swissterminal Holding – The National

DP World acquires 44% stake in Swissterminal Holding – The National

DP World acquired a 44 per cent share in Swissterminal Holding, a container terminal operator in Switzerland, effective from January 20.. The Mayer family, who founded the business, remain the majority shareholders, DP World said in a statement on Tuesday.. The companies did not disclose the value of the deal.. The transaction follows a string of deals by DP World in 2019 that included buying UK transport and logistics company P&O Ferries, Indian rail logistics company Kribhco Infrastructure and Chilean ports operator Puertos y Logistica.. DP World has 150 operations in more than 50 countries including ports, economic zones, warehousing, feeder services and inland transport.. The deal is expected to expand the companies' terminal networks, increase efficiency and grow their service portfolios, DP World said.. Under the agreement, no major structural changes within the companies are planned, DP World said.. Roman Mayer will continue to serve as Swissterminal's chief executive.. "We are delighted to welcome DP World as our partner, particularly at a time when we are seeing numerous opportunities for Switzerland to grow its success as a major global logistics hub," Mr Mayer said..