Accel-KKR, a Silicon Valley-based technology-focused investment firm, has reached an agreement to acquire Navis, a provider of operational technologies and services for global organizations across the shipping supply chain, from Cargotec.
“We are thrilled to welcome the entire Navis team to the Accel-KKR portfolio of market-leading software companies,” said Park Durrett, managing director of Accel-KKR. “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.”
“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,” said Benoit de la Tour, Navis president and CEO. “We are also grateful for the strategic support and strong partnership Cargotec has provided during their ownership.”
Citi is serving as financial advisor and Reinhart Boerner Van Deuren is serving as legal counsel to Cargotec.