3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||6 Sep 2011|
|Amount in EUR:||EUR 70 million|
|NACE sector / loan type:||Land transport: transport via pipelines|
|Business area:||Industries and services|
The loan has been provided for financing the acquisition of terminal operating systems (TOS) provider Navis.
Navis TOS software is a leading system globally used in marine terminals, rail yard operations and distribution centres. Together, Cargotec and Navis can offer integrated solutions and thus strengthen their ability to provide comprehensive solutions for their customers.
Cargotec provides cargo handling systems and related services for the loading and unloading of goods on land and sea. Cargotec has approximately 11,000 employees in 160 countries.
The 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 the portfolio, Cargotec will be able to offer comprehensive solutions for terminals. The know-how of the personnel at Cargotec and Navis will complement each other in R&D projects.
Navis is a software developer providing terminal operating systems (TOS). Navis solutions are used in terminals, rail yard operations and distribution centres. The risk for environmental liabilities associated with Cargotec's acquisition of Navis, is considered low.