Navis has announced it has entered into an agreement to acquire the assets of Jade Logistics, the Christchurch, New Zealand-based provider of the Master Terminal TOS for mixed cargo terminals. The price of the acquisition was not disclosed.
Jade Logistics is used in over 100 facilities globally to manage the transport of mixed cargo such as steel, timber, containers, cars and many other materials. With N4, Octopi and Jade Master Terminal, Navis can offer various TOS options.
Navis will establish a General Cargo Center of Excellence in Christchurch, New Zealand to serve the growing demand for mixed cargo solutions globally.
The acquisition is expected to be completed by the end of 2019.
With the addition of Jade Logistics Master Terminal to its software portfolio, Navis is better positioned to support hundreds of terminals around the world that need to improve terminal operations for a wide variety of cargo types beyond containers, the company says. Jade Logistics customers will benefit from Navis' industry expertise and innovation, its global reach and its large-scale support and services organisation resources.
"We are thrilled to be joining the Navis team, the world leader in terms of global footprint, innovation and combined expertise in terminal operating systems," says David Lindsay, chief executive officer at Jade Logistics. "We are as committed as ever to our growing customer base. Navis will bring additional capabilities and resources to help further optimise and maximise general cargo terminal performance."
Following the acquisition, the Jade Logistics team will continue to operate out of its Christchurch, New Zealand headquarters under the direction of Lindsay, who will remain on board and help manage the General Cargo Center of Excellence to advance general cargo terminal operations software and services for Navis' global customer base.