Skip to main content

Cargotec’s Board of Directors has decided to initiate a sales process for Navis software business

Written by Customer Service on . Posted in Public Companies.

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 3 DECEMBER 2020 AT 10:30Cargotec’s Board of Directors has decided to initiate a sales process for Navis software businessCargotec 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.For further information, please contact:
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec’s business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec’s sales in 2019 totalled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.