Cargotec sells Navis to tech investment firm for €380m
Cargotec has agreed to sell leading terminal operating system (TOS) provider Navis to Accel-KKR, a Silicon Valley-based technology-focused investment firm for an enterprise value of €380m (US$450m).
The Finnish company expects that the deal will have a positive impact of around €230m (US$270m) on its operating profit in 2021.
A statement from Navis noted that deal represents a strategic capital commitment to fuel growth in software as a service (SaaS), digitalisation and expansion to inland and other supply chain solutions.
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