Navis to Be Acquired by Main Technologies Financial commitment Organization Accel-KKR

OAKLAND, Calif.–(Organization WIRE)–Navis, a service provider of operational systems and providers that unlock better effectiveness and efficiency for the world’s foremost businesses throughout the delivery provide chain, announced that Accel-KKR, a Silicon Valley-based mostly technologies-focused financial commitment company, has achieved an arrangement to acquire Navis from Cargotec. The transaction is topic to ordinary regulatory approvals and works council consultation in relevant jurisdictions.

Navis is recognized as a world-wide leader supplying mission crucial program remedies and expert services for terminal, vessel and carrier, and inland freight operators and will enjoy an crucial potential part in offering very best-in-class technologies and innovation to maintain international cargo flowing.

“We are thrilled to welcome the full Navis staff to the Accel-KKR portfolio of market-foremost program corporations,” reported Park Durrett, Managing Director of Accel-KKR. “In today’s globe, the motion of products for a wide array of shippers and operators has enhanced exponentially in volume, velocity and complexity, amplifying the want for impressive workflow optimization and comprehensive visibility into each corner of source chains. Navis will increase Accel-KKR’s concentration on investing in remedies that can travel towards a real stop-to-finish, all-in-a person execution and visibility platform that shippers and operators have been trying to find.”

Under Cargotec’s ownership and expense, Navis established a current market major situation in terminal operating devices and produced a selection of strategic acquisitions that strengthened Navis’ presence in company software package for world logistics companies.

“Navis is wanting forward to the following phase in our expansion with Accel-KKR, a technology-concentrated financial commitment firm that brings a wealth of company software package expertise, network and world wide methods,” stated Benoit de la Tour, Navis President and CEO. “We are also grateful for the strategic help and strong partnership Cargotec has presented during their ownership.”

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

About Navis, LLC

Navis is a company of operational technologies and products and services that unlock higher performance and performance for the world’s leading businesses throughout the cargo source chain. Navis combines market very best practices with impressive know-how and earth-course expert services, to allow our prospects, irrespective of cargo variety, to maximize functionality and reduce chance. Via its holistic method to operational optimization, Navis prospects profit from improved visibility, velocity and measurable business enterprise outcomes. Whether tracking cargo via a terminal, bettering vessel protection and cargo capacity, optimizing rail community organizing and asset utilization, automating equipment operations, or managing multiple terminals by means of an built-in, centralized alternative, Navis can help all customers streamline functions. www.navis.com

About Accel-KKR

Accel-KKR is a engineering-concentrated expense business with over $10 billion in capital commitments. The company focuses on software program and tech-enabled enterprises, effectively-positioned for topline and bottom-line development. At the main of Accel-KKR’s financial commitment system is a motivation to establishing powerful partnerships with the management groups of its portfolio organizations and a focus on developing worth along with administration by leveraging the sizeable assets out there through the Accel-KKR network. Accel-KKR focuses on center-industry corporations and delivers a broad array of money solutions including buyout money, minority-growth investments, and credit choices. Accel-KKR also invests across a vast vary of transaction varieties like private enterprise recapitalizations, divisional carve-outs and likely-non-public transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Most effective Private Fairness Companies for Entrepreneurs”, its yearly list of founder-welcoming personal equity corporations. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Check out accel-kkr.com to learn far more.

About Cargotec Company

Cargotec (Nasdaq Helsinki: CGCBV) permits smarter cargo circulation for a much better each day with its top cargo dealing with remedies and products and services. Cargotec’s business locations Kalmar, Hiab and MacGregor are pioneers in their fields. As a result of their one of a kind situation in ports, at sea and on streets, they optimise world cargo flows and produce sustainable customer worth. Cargotec has signed United Nations World wide Compact’s Company Ambition for 1.5°C. The company’s sales in 2020 totalled close to EUR 3.3 billion and it employs about 11,500 people today. www.cargotec.com