Cargotec to acquire Navis

News Story
- 10 Feb 2011 ( #500 ) - Stockholm, Sweden
1 min read
Cargotec has entered into an agreement to buy terminal operator systems (TOS) provider Navis from Zebra Technologies Corp in the US.

The transaction value is about USD190 million.

Mikael Mäkinen, Cargotec's president and CEO, says the acquisition supports the company's strategy to focus on customers and invest in attractive customer segments. "Navis solutions are a core component of a terminal operator's business. By adding Navis to our portfolio, we will be able to offer total solutions for terminals."

Mäkinen adds that Cargotec sees "excellent opportunities for growth and innovation" in acquiring Navis.

Cargotec claims Navis' flexible and scalable TOS software is the leading system globally in marine terminals, rail yard operations and distribution centres. Navis systems help customers co-ordinate and automate the movement of containers and equipment in terminal and yard environments, and enable customers to manage the operations of a single terminal or multiple terminals in different geographical locations from a central location.

Bill Walsh, senior vice president of Navis, says Cargotec will provide his firm with insight into world-class equipment that is used in all of its customer segments. "Joining forces creates exciting possibilities to improve terminal operations."

Navis, headquartered in Oakland, California, was founded in 1988. The company has over 300 employees, most in the US and India. Marine container terminals are its core market and its solutions are used in over 50 countries. Its sales are expected to be about USD70 million in 2011, with around 40% in recurring sales.

The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received in the first quarter of 2011.
Big Lift acquires ePicker
Big Lift acquires ePicker 29 Feb 2024 - Downers Grove, IL, United States - 1 min read
Briefs
Briefs 15 Feb 2024 - United States - 1 min read
Taylor Group acquires controlling stake in CVS Ferrari
Taylor Group acquires controlling stake in CVS Ferrari 8 Feb 2024 - Louisville, MI, United States - 1 min read
Previously about:
Montevideo orders 20 Kalmar hybrid straddle carriers News Story - 18 Jan 2024 - Montevideo, Uruguay - 1 min read
Wallenius Wilhelmsen places order with Kalmar News Story - 11 Jan 2024 - Oslo, Norway - 1 min read
Labour challenges loom in 2024 News Story - 28 Dec 2023 - 10 min read
TGN chooses Navis N4 News Story - 14 Apr 2022 - Mejillones Bay, Chile - 2 min read
Automation progresses at VICT News Story - 23 Sep 2021 - Melbourne, Vic, Australia - 1 min read
Cargotec completes Navis sale News Story - 8 Jul 2021 - Helsinki, Finland - 1 min read
Do you have materials handling news? Submit your news here
Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager - Bolzoni S.p.A.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We are over the moon to report that Forkliftaction's average web traffic for 2023 grew by a HUGE 58% when compared to 2022.

With our new average of +1,000,000 web visits per month, there's nothing we can't  achieve together in 2024!

To learn how Forkliftaction can support your brand's growth: DOWNLOAD THE MEDIA KIT

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Inside The News
Hydrogen fuel cells are in the news again this week, with an unnamed American car maker choosing the fuel source to run the materials handling fleet at a new manufacturing plant... Continue reading

PREMIUM business

Combilift Ltd
Manufactures world class 4-way Handling Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Seeking Ambitious Dealers Globally. Your chance to join a leading heavy machinery brand. Exclusive territories await!

Exclusive Territories Available. Join SOCMA's leading innovation in heavy machinery. 

Partner for success. Enjoy comprehensive support and impressive profit potential.

Contact us now - +86 153 050 495 72 - www.socma-forklift.com