Technology investment firm Accel-KKR has completed the acquisition of Navis LLC with all business units and employees to be transferred by the end of 2021.
Accel-KKR’s 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 Benoit de la Tour.
Accel-KKR and Navis will focus on continued expansion of existing solutions to provide customer value through: optimisation of operational systems; visibility and control; cloud technology; strategic mergers and acquisitions (M&A); and sustainability.
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 AKKR portfolio, we’re building on a strong foundation and extending capabilities to deliver greater value and more actionable insights for supply chain stakeholders.”
The acquisition was first announced in March 2021.
Benoit de la Tour, President and CEO, Navis, added, “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.”