Fredericks Michael & Co. acted as the exclusive financial advisor to Cargotec Corporation on its USD 190 million acquisition of the terminal operating systems (TOS) provider Navis, LLC from Zebra Technologies.
Navis' TOS software is a global leader in the marine terminals segment and widely used in rail yard operations as well as at distribution centers. Navis systems help customers coordinate and automate the movement of containers and equipment in terminal and yard environments.
The acquisition combines Navis' flexible and scalable TOS software with Cargotec's leading cargo and load handling equipment and services. Together, Cargotec and Navis will be able to offer integrated solutions putting them in a better position to deliver turnkey operations to customers.
FM&Co. advised Cargotec throughout a competitive acquisition process on topics including valuation, structuring, due diligence and negotiations through closing.
About Cargotec Corporation
Cargotec Corporation (Helsinki, Finland) improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognized leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totaled EUR 2.6 billion in 2010 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under the ticker symbol CGCBV. For more information about Cargotec, visit www.cargotec.com
About Zebra Technologies
Zebra Technologies Corporation (NASDAQ: ZBRA) provides the broadest range of innovative technology solutions to identify, track, and manage the deployment of critical assets for improved business efficiency. Zebra's products include reliable on-demand printers and state-of-the-art software and hardware solutions utilizing a wide array of automatic identification technologies.
By enabling improvements in sourcing, visibility, security and accuracy, Zebra helps its customers to put the right asset in the right place at the right time. Zebra serves more than 90 percent of Fortune 500 companies worldwide. For more information about Zebra's solutions, visit www.zebra.com
