News / DP World increases its European footprint with 44% stake in Swissterminal

© Swissterminal

Dubai’s DP World is to purchase a 44% stake in Switzerland’s largest box terminal operator, Swissterminal, for an undisclosed sum.

The agreement will see DP World Inland’s European terminal network expand from four sites in Germany and Belgium to nine with the addition of Swissterminal’s five locations.

The deal will see the Mayer family continue as majority shareholders and current chief executive Roman Mayer, son of founder Alex Mayer, will remain in his position.

He said: “We are delighted to welcome DP World ...