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TECHNOLOGY INVESTMENT FIRM ACCEL-KKR DECIDES TO TAKE OVER NAVIS

Highlights
• This transaction is subject to normal regulatory approvals and works council consultation in relevant jurisdictions
• Navis President and CEO said “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

According to the announcement made by Navis, a provider of operational technologies and services, that Accel-KKR, a technology investment firm, has decided to acquire Navis from Cargotec. This transaction is subject to normal regulatory approvals and works council consultation in relevant jurisdictions.
Park Durrett, Managing Director of Accel-KKR in his statement said “We are thrilled to welcome the entire Navis team to the Accel-KKR portfolio of market-leading software companies.”He further said “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 optimization 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.”
On the other hand, Benoit de la Tour, Navis President and CEO said “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 and we are also grateful for the strategic support and strong partnership Cargotec has provided during their ownership.”

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