Accel-KKR, a Silicon Valley-based technology-focused investment firm, has reached an agreement to acquire port and terminal technology provider Navis from its parent company Cargotec.
The transaction is subject to normal regulatory approvals and works council consultation in relevant jurisdictions before completion.
“We are thrilled to welcome the entire Navis team to the Accel-KKR portfolio of market-leading software companies,” said Park Durrett, Managing Director of Accel-KKR.
“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.”
“Navis will extend Accel-KKR’s focus on investing in solutions that can drive toward a true end-to-end, all-in-one execution and visibility platform that shippers and operators have been seeking.”
Acquired by Cargotec in 2011, Navis has established itself as a major player in the terminal operating systems market, bolstered by a number of additional strategic acquisitions that further strengthened its presence in the sector.
“Navis is looking forward to the next stage in our growth with Accel-KKR, a technology-focused investment firm that brings a wealth of enterprise software expertise, network and global resources,” said Benoit de la Tour, Navis President and CEO.
“We are also grateful for the strategic support and strong partnership Cargotec has provided during their ownership.”