Cargotec Completes Navis Acquisition
The acquisition, which Cargotec announced in January, combines Navis' flexible and scalable TOS software with Cargotec's cargo and load handling equipment and services. Together, the companies will be able to offer integrated solutions to deliver turnkey operations to customers.
"Joining forces with Cargotec presents many exciting opportunities for us to better serve terminal operators all over the world,” said Bill Walsh, Navis president. “Together we can provide seamless integration between the critical elements of terminal operations. Navis will continue to operate independently under its own company name and we will maintain our well-known brand and preserve our valuable customer, technology, and equipment relationships."
Navis' TOS software is a global leader in marine terminals and widely used in rail yard operations and at distribution centers. Navis systems help customers coordinate and automate the movement of containers and equipment in terminal and yard environments. Customers can manage multiple operations from one geographic location.