Friday , 24 January 2020
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Navis enters into agreement to acquire Jade Logistics

Navis, a part of Cargotec Corporation, has entered into an agreement to acquire the assets of Jade Logistics, which provides the Master Terminal terminal operating system (TOS) for mixed cargo.

Adding Jade Master Terminal to its portfolio of systems, which already includes N4 and Octopi, Navis will be able to offer the flexibility of the right TOS for any prospective customer’s cargo requirements.

Benoit de la Tour, president of Navis, said: “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.

“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.”

Jade Logistics is based in Christchurch, New Zealand and is trusted by over 100 facilities globally to manage the transport of mixed cargo such as steel, timber, containers, cars and many other materials.

Master Terminal was built from the ground up as a general cargo TOS and provides a single, real-time view of operations to enable smarter decisions faster.

It is a secure and scalable solution which facilitates the sharing of cargo information beyond the port “walls” across the supply chain and offers increased visibility to ports.

David Lindsay, chief executive officer at Jade Logistics, said: “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.

Lindsay will help manage the General Cargo Centre of Excellence to advance general cargo terminal operations software and services for Navis’ global customer base.

Cargotec has stated that the acquisition does not have a significant impact on its financials.