Accel-KKR Completes Acquisition of Navis
July 6, 2021
Leading technology investment firm Accel-KKR has completed its acquisition of Navis LLC with all business units and employees to be transferred by the end of 2021.
First announced in March of this year, the acquisition comes at a time of unprecedented demand for optimised operating solutions among terminal, vessel, carrier and inland rail freight operators, as well as the urgent call for enhanced visibility and control of cargo flow across the supply chain.
Park Durrett, managing director of Accel-KKR, said: “Weaknesses in our global supply chains have been tested during this pandemic and the results have been telling.
“These disruptions have created more urgency for advanced technology to better plan, execute and optimise cargo movement in order to provide a more predictable delivery experience for all shipping partners.”
With the addition of Navis to the Accel-KKR portfolio, Durrett noted, the company is building upon a strong foundation and extending capabilities to “deliver greater value and more actionable insights for supply chain stakeholders”.
Navis, together with Accel-KKR, is well-positioned to accelerate organic and strategic investments to bring greater efficiency, control and predictability to ocean and landslide logistics through advanced technology.
Together the two companies will focus on continued expansion of existing solutions to provide greater customer value through the optimisation of operational systems, visibility and control, cloud technology, strategic M&A and sustainability.
Navis will further optimise planning processes and extend operational capabilities to enable mission critical information systems to play an essential role in future end-to-end supply chain visibility, control and performance.
Benoit de la Tour, president and CEO of Navis, said: “The acquisition marks a thrilling new chapter for the entire Navis team and our customers we proudly serve around the world.
“Accel-KKR’s proven track record in growing supply chain software companies, combined with our market leadership position, will enable us to accelerate innovation and address rapidly evolving challenges impacting the flow of cargo globally. We’re eager to see what the future holds and what we can accomplish together.”
The acquisition includes Navis’ full software portfolio, including N4, Master Terminal and Octopi by Navis terminal operating systems (TOS), Navis Carrier & Vessel Solutions (NCVS), as well as Navis Rail Intermodal TOS and Freight Rail Planning & Scheduling, powered by Biarri Rail.
All current Navis employees will remain with the company, operating under the direction of the existing leadership team led by de la Tour.Read the full article >>