TOC

LATEST NEWS

PEMA releases global market surveys on port equipment deliveries

January 15, 2015 – The Port Equipment Manufacturers Association (PEMA) has publicly released its l...

read more

Port Equipment Manufacturers Association welcomes four new members

ZPMC, Nantong Heavy Rainbow Machineries, Spohn + Burkhardt and INTERCON Technical Information System...

read more

Establishment of the Terminal Industry Committee 4.0 (TIC 4.0)

    June 13, 2018 – Establishment of the Terminal Industry Committee 4.0 (TIC 4.0) R...

read more

PEMA announces the three university teams that will compete in the Student Challenge final 2018 at TOC Europe

May 14, 2018 – The Port Equipment Manufacturers’ Association (PEMA) announces the three univer...

read more

PEMA to host second live session at TOC Europe

June 4, 2018 – Following a successful launch at TOC Americas last autumn, the Port Equipment Manuf...

read more

Cargotec to acquire Navis

31.01.2011 – Cargotec has entered into an agreement to acquire terminal operator systems (TOS) provider Navis from Zebra Technologies Corporation (NASDAQ: ZBRA) in the United States. The transaction value is approximately USD 190 million (approximately EUR 140 million). By acquiring the leading TOS provider Navis, Cargotec will further strengthen its ability to provide total solutions for its terminal customers.

“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. We see excellent opportunities for growth and innovation,” says Mikael Mäkinen, President and CEO, Cargotec.

“Cargotec provides us insight into world-class equipment that is used in all of our customer segments. Joining forces creates exciting possibilities to improve terminal operations,” says Bill Walsh, Senior Vice President and General Manager of Navis, part of Zebra Enterprise Solutions.

Navis’ flexible and scalable TOS software is the leading system globally in marine terminals, rail yard operations and distribution centres. Navis systems help customers coordinate and automate the movement of containers and equipment in terminal and yard environments as well as enable customers to manage the operations of a single terminal or multiple terminals in different geographic locations from a central location.

Marine container terminals are Navis’ core market. Navis solutions are used in over 50 countries. Navis was founded in 1988 and has its headquarters in Oakland, California. Today, the company has more than 300 employees of which the majority is located in the United States and India. Its sales are expected to be around USD 70 million in 2011, with around 40 percent recurring sales.

Navis will continue its business with its customers as an independent part of Cargotec irrespective of equipment supplier. Navis’ reporting will be consolidated into Cargotec’s financial reporting once the transaction has been completed. The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received during the first quarter of 2011.

For more information click here

OUR MEMBERS

MEMBER LOGIN

JOIN OUR MAILING LIST