Technology-focused investment firm Accel-KKR has concluded an agreement for the acquisition of the US-based provider of operational technologies and services Navis from Finnish company Cargotec.
Technology-focused investment firm Accel-KKR has concluded an agreement for the acquisition of the US-based provider of operational technologies and services Navis from Finnish company Cargotec.
The acquisition, which has been valued at about $448m (€380m), will undergo council consultation in related jurisdictions and is yet to receive normal regulatory approvals. The final purchase price will be fixed on the basis of customary working capital and debt-like adjustments at closing.
Accel-KKR managing director Park Durrett said: “We are thrilled to welcome the entire Navis team to the Accel-KKR portfolio of market-leading software companies. In today’s world, the movement of goods for a vast array of shippers and operators has increased exponentially in volume, velocity and complexity, amplifying the need for powerful workflow optimisation and full visibility into every corner of supply chains.
Read more/Source: Ship Technology
