CimbriaTBA GroupVan AalstPort of StocktonTelestackCleveland Cascades Ltd
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Van Aalst
  • Vigan
  • Sailors Society
  • Multimodal 2022
  • Cleveland Cascades Ltd

Cargotec to initiate Navis sales process

(Posted on 06/12/20)

Cargotec has proceeded in the evaluation of the strategic alternatives for its Navis business. On 1 October 2020, Cargotec announced that it will continue to evaluate the strategic options of Navis, which included new ownership structures or a potential sale of Navis software business.

As part of the evaluation of options, a preliminary call for tenders was conducted. The amount and level of the received preliminary and indicative offers suggest that proceeding with a sale is a better possible option for Cargotec and Navis than other presented solutions. Consequently, Cargotec’s Board of Directors has decided to initiate the actual sales process of the Navis software business.

The preliminary indicative offers are not binding and the possible sale of the Navis software business and the terms of the transaction will only be confirmed once the actual sales process has been completed. Cargotec aims to complete the sales process during the first half of 2021.

Navis is a global leader providing mission critical software solutions and services to port and terminal operators, ocean carriers, ship owners and inland logistics operators. Cargotec has evaluated strategic alternatives for the Navis business to identify the best options to support its future development.

Cargotec’s other software business is not part of the Navis software business evaluation.

Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields.

Latest News

DNV report: Hydrogen at risk of being the great missed opportunity

(Posted on 20/06/22)

Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too... Read more


Aurus and Columbia join forces as ‘Columbia Aurus Ship Management’ India

(Posted on 20/06/22)

Columbia Aurus Ship Management will tap into the Indian crewing market to further consolidate Columbia... Read more


Governments must share emissions target load, warns INTERCARGO

(Posted on 12/06/22)

It would be a mistake to place responsibility for meeting IMO’s zero emission shipping targets... Read more


New BV partnership to advance augmented ship services

(Posted on 12/06/22)

Bureau Veritas (BV), one of the world’s leading ship classification societies, Laskaridis Shipping... Read more


Plakiotakis: financing decarbonisation needs creative solutions

(Posted on 08/06/22)

Shipping is required to face the complex challenges placed by the progressively stricter IMO and EU... Read more


AXSMarine selected for provision of training software

(Posted on 08/06/22)

 AXSMarine, a leading provider of SaaS shipping software and data for Dry Bulk, Tanker, and Container... Read more


CSM takes vessel twinning to new level

(Posted on 08/06/22)

Columbia Shipmanagement (CSM) has once again pushed industry boundaries by creating a totally SMART... Read more


StormGeo announces CII Simulator to advance shipping decarbonization

(Posted on 03/06/22)

StormGeo, a leading provider of weather intelligence and decision-support solutions for the shipping... Read more


Survitec’s Head Start to mitigate safety risks for shipowners

(Posted on 31/05/22)

Survival Technology specialist Survitec has introduced a unique approach to ensure shipowners are fully... Read more


Damen to supply second Combi Freighter to Elbe-Ems

(Posted on 31/05/22)

Shipping company Elbe-Ems has ordered a second Combi Freighter 3850 (CF 3850) from Damen Shipyards,... Read more


TOC EventsThe Wolfson Centre for Bulk Solids Handling Technology Bühler GmbHMultimodal 2022ViganSailors Society
  • Telestack
  • Cimbria
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping