Cargotec Corporation: Cargotec has completed the sale of its Navis business to technology investment firm Accel-KKR
Cargotec has completed the sale of its Navis business to technology investment firm Accel-KKR
Cargotec has completed the sale of its Navis business to the US technology investment firm Accel-KKR for an enterprise value of EUR 380 million. Accel-KKR has transferred EUR 350 million of the enterprise value to Cargotec and obtained control of Navis business. The remaining EUR 30 million of the enterprise value will be transferred to Cargotec by the end of 2021. The transition of Navis operations and employees to Accel-KKR takes place in phases before the end of 2021, subject to local legal requirements.
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