Cargotec to acquire Navis

“This acquisition supports Cargotec’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,” said Mikael Mäkinen, Cargotec’s President and CEO.

Navis’ TOS software is in use in over 50 countries in marine terminals, rail yard operations and distribution centres. According to the company, the systems help customers coordinate and automate the movement of containers and equipment in terminal and yard environments as well as enabling them to manage the operations of a single terminal or multiple terminals in different geographic locations from a central location.

Founded in 1988, Navis is headquartered in Oakland, California and expects sales of around US$70m in 2011 of which 40% are recurring.