Private equity firm buys Navis from Cargotec for 380m euros
Cargotec has completed the sale of its Navis business to technology investment firm Accel-KKR.
Accel-KKR has transferred EUR 350 million of the enterprise value to Cargotec and obtained control of Navis' business. The remaining EUR 30 million of the enterprise value will be transferred to Cargotec by the end of 2021. The transition of Navis operations and employees to Accel-KKR takes place in phases before the end of 2021, subject to local legal requirements.
Navis is a provider of software and services that aim to optimise the cargo supply chain.