Navis to Be Acquired by Top Technological innovation Financial commitment Company Accel-KKR

OAKLAND, Calif.–(Enterprise WIRE)–Navis, a service provider of operational systems and solutions that unlock larger overall performance and efficiency for the world’s primary organizations throughout the shipping supply chain, announced that Accel-KKR, a Silicon Valley-based know-how-centered expense business, has achieved an settlement to receive Navis from Cargotec. The transaction is topic to regular regulatory approvals and will work council consultation in relevant jurisdictions.

Navis is identified as a global chief offering mission crucial program solutions and companies for terminal, vessel and provider, and inland freight operators and will play an vital long term job in providing very best-in-course know-how and innovation to retain international cargo flowing.

“We are thrilled to welcome the total Navis team to the Accel-KKR portfolio of current market-primary software program organizations,” stated Park Durrett, Handling Director of Accel-KKR. “In today’s planet, the movement of products for a large array of shippers and operators has amplified exponentially in quantity, velocity and complexity, amplifying the want for highly effective workflow optimization and complete visibility into each corner of source chains. Navis will extend Accel-KKR’s target on investing in methods that can generate towards a true conclude-to-stop, all-in-one particular execution and visibility platform that shippers and operators have been trying to find.”

Below Cargotec’s possession and financial commitment, Navis recognized a sector major situation in terminal running systems and made a number of strategic acquisitions that strengthened Navis’ existence in enterprise computer software for world-wide logistics suppliers.

“Navis is seeking forward to the upcoming stage in our expansion with Accel-KKR, a engineering-targeted financial commitment organization that delivers a prosperity of enterprise software experience, community and world-wide resources,” stated Benoit de la Tour, Navis President and CEO. “We are also grateful for the strategic assist and potent partnership Cargotec has offered through their ownership.”

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

About Navis, LLC

Navis is a provider of operational technologies and products and services that unlock greater overall performance and efficiency for the world’s main companies throughout the cargo provide chain. Navis combines field very best procedures with innovative technologies and globe-class expert services, to allow our customers, irrespective of cargo form, to increase efficiency and minimize possibility. Via its holistic solution to operational optimization, Navis clients reward from improved visibility, velocity and measurable small business benefits. Whether or not monitoring cargo via a terminal, strengthening vessel security and cargo potential, optimizing rail community planning and asset utilization, automating machines functions, or controlling many terminals through an built-in, centralized solution, Navis will help all prospects streamline functions. www.navis.com

About Accel-KKR

Accel-KKR is a technologies-targeted financial investment business with in excess of $10 billion in funds commitments. The agency focuses on computer software and tech-enabled organizations, well-positioned for topline and base-line development. At the core of Accel-KKR’s investment decision tactic is a commitment to producing potent partnerships with the administration teams of its portfolio firms and a target on constructing value along with administration by leveraging the substantial resources accessible as a result of the Accel-KKR community. Accel-KKR focuses on center-market place providers and supplies a broad vary of funds alternatives which includes buyout money, minority-expansion investments, and credit rating alternate options. Accel-KKR also invests across a broad variety of transaction types together with non-public company recapitalizations, divisional carve-outs and likely-non-public transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Finest Personal Equity Firms for Entrepreneurs”, its once-a-year checklist of founder-pleasant personal fairness firms. Accel-KKR is headquartered in Menlo Park with places of work in Atlanta and London. Check out accel-kkr.com to find out extra.

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) permits smarter cargo circulation for a much better day to day with its leading cargo dealing with remedies and products and services. Cargotec’s organization parts Kalmar, Hiab and MacGregor are pioneers in their fields. As a result of their distinctive situation in ports, at sea and on roads, they optimise global cargo flows and produce sustainable consumer benefit. Cargotec has signed United Nations World wide Compact’s Enterprise Ambition for 1.5°C. The company’s gross sales in 2020 totalled around EUR 3.3 billion and it employs all over 11,500 persons. www.cargotec.com