Navis, part of Cargotec Corporation, has entered into an agreement to acquire the assets of Jade Logistics, the developer of the Master Terminal TOS (terminal operating system) for mixed cargo terminals based in Christchurch, New Zealand.
The Master Terminal TOS is used by approximately 100 facilities globally to manage the transport of mixed cargo such as steel, timber, containers, cars and other materials, and will be added to a Navis portfolio that already features the N4 and Octopi applications to provide a range of options to suit different cargo requirements.
Navis says that it will also establish a General Cargo Center of Excellence in Christchurch following the deal, to serve the growing demand for mixed cargo solutions globally. The acquisition is expected to be completed by the end of 2019.
“We are experiencing growing customer demand for general cargo services, and we feel Jade Logistics is ideally suited to enhance our product portfolio and our reach within this category,” said Benoit de la Tour, President, Navis.
“By joining forces with Jade Logistics, Navis is addressing a key complementary market and growth opportunity for the company and offering the industry the best of breed solution for general cargo. We look forward to getting to know Jade’s customers, understand their priorities and support their business needs with world-class technology and global support.”
Following the acquisition, the Jade Logistics team will continue to operate out of its New Zealand headquarters under the direction of CEO David Lindsay, who will remain on board and help to manage the General Cargo Center of Excellence.