Navis to Be Acquired by Leading Technology Expense Firm Accel-KKR | Business

OAKLAND, Calif.–(Enterprise WIRE)–Mar 26, 2021–

Navis, a service provider of operational technologies and solutions that unlock greater general performance and effectiveness for the world’s leading organizations throughout the shipping and delivery provide chain, declared that Accel-KKR, a Silicon Valley-based technological innovation-focused financial commitment organization, has reached an settlement to acquire Navis from Cargotec. The transaction is issue to normal regulatory approvals and operates council session in applicable jurisdictions.

Navis is identified as a global chief offering mission important program methods and providers for terminal, vessel and provider, and inland freight operators and will participate in an essential foreseeable future function in offering very best-in-course technological know-how and innovation to hold global cargo flowing.

“We are thrilled to welcome the complete Navis staff to the Accel-KKR portfolio of sector-primary program providers,” explained Park Durrett, Handling Director of Accel-KKR. “In today’s earth, the movement of merchandise for a vast array of shippers and operators has amplified exponentially in volume, velocity and complexity, amplifying the have to have for powerful workflow optimization and entire visibility into each individual corner of provide chains. Navis will extend Accel-KKR’s concentration on investing in answers that can drive towards a correct conclusion-to-stop, all-in-one particular execution and visibility platform that shippers and operators have been looking for.”

Less than Cargotec’s possession and financial investment, Navis proven a market place top place in terminal working devices and built a amount of strategic acquisitions that strengthened Navis’ presence in company program for worldwide logistics companies.

“Navis is wanting forward to the upcoming phase in our development with Accel-KKR, a technologies-targeted investment agency that brings a prosperity of organization program expertise, community and world wide assets,” mentioned Benoit de la Tour, Navis President and CEO. “We are also grateful for the strategic help and potent partnership Cargotec has offered during their possession.”

Citi is serving as monetary advisor and Reinhart Boerner Van Deuren s.c. is serving as lawful counsel to Cargotec.

About Navis, LLC

Navis is a supplier of operational technologies and products and services that unlock larger overall performance and efficiency for the world’s leading companies throughout the cargo source chain. Navis combines industry most effective practices with ground breaking technologies and globe-course expert services, to enable our clients, irrespective of cargo sort, to optimize efficiency and minimize possibility. By means of its holistic technique to operational optimization, Navis buyers gain from improved visibility, velocity and measurable small business effects. Whether or not tracking cargo by way of a terminal, enhancing vessel safety and cargo potential, optimizing rail community arranging and asset utilization, automating gear operations, or handling many terminals via an integrated, centralized remedy, Navis aids all buyers streamline functions. www.navis.com

About Accel-KKR

Accel-KKR is a technological innovation-focused investment organization with in excess of $10 billion in funds commitments. The organization focuses on software program and tech-enabled companies, properly-positioned for topline and base-line development. At the main of Accel-KKR’s investment decision tactic is a commitment to creating robust partnerships with the management groups of its portfolio corporations and a target on creating worth alongside administration by leveraging the sizeable resources offered via the Accel-KKR community. Accel-KKR focuses on center-current market businesses and supplies a wide variety of money alternatives such as buyout money, minority-development investments, and credit history solutions. Accel-KKR also invests throughout a extensive array of transaction sorts like personal firm recapitalizations, divisional carve-outs and heading-personal transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Personal Fairness Corporations for Entrepreneurs”, its once-a-year listing of founder-pleasant non-public fairness firms. Accel-KKR is headquartered in Menlo Park with places of work in Atlanta and London. Check out accel-kkr.com to study additional.

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) permits smarter cargo circulation for a far better each day with its main cargo handling methods and products and services. Cargotec’s company regions Kalmar, Hiab and MacGregor are pioneers in their fields. By way of their unique place in ports, at sea and on roadways, they optimise world-wide cargo flows and develop sustainable customer price. Cargotec has signed United Nations World-wide Compact’s Company Ambition for 1.5°C. The company’s product sales in 2020 totalled roughly EUR 3.3 billion and it employs close to 11,500 persons. www.cargotec.com

View supply edition on businesswire.com:https://www.businesswire.com/information/dwelling/20210326005306/en/

Contact: Jennifer Grinold

Navis, LLC

T+1 510 267 5002

[email protected] Pickering

Have an affect on

T+1 212 398 9680

gpickering@have an effect on.com

Search phrase: CALIFORNIA UNITED STATES NORTH The usa

Sector Search term: Data Management Supply CHAIN Management Technological innovation OTHER Transportation TRUCKING RAIL MARITIME Transport RETAIL Program LOGISTICS/Offer CHAIN Administration

Source: Navis

Copyright Enterprise Wire 2021.

PUB: 03/26/2021 11:00 AM/DISC: 03/26/2021 11:00 AM

http://www.businesswire.com/information/house/20210326005306/en

Copyright Business enterprise Wire 2021.