View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
February 3, 2011

Cargotec to Acquire Navis

Finnish company Cargotec will acquire terminal operator systems provider Navis from US-based Zebra Technologies for $190m. By acquiring Navis, Cargotec will further strengthen its ability to provide total solutions for its terminal customers. Navis will continue its business

By cms admin

Finnish company Cargotec will acquire terminal operator systems provider Navis from US-based Zebra Technologies for $190m.

By acquiring Navis, Cargotec will further strengthen its ability to provide total solutions for its terminal customers.

Navis will continue its business with its customers as an independent part of Cargotec.

The acquisition is subject to regulatory approvals from competition authorities, which are expected during the first quarter of 2011.

Navis’s terminal operator systems software helps customers coordinate and automate the movement of containers and equipment in terminals and yards. It also enables customers to manage the operations of a single terminal or multiple terminals in different geographic areas from a central location.

Navis sales are expected to be around $70m in 2011 with 40% recurring sales.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology