Home Technical Cargotec has completed the sale of its Navis business to technology investment...

Cargotec has completed the sale of its Navis business to technology investment firm Accel-KKR

Kalmar, part of Cargotec, introduces a new generation of its rubber-tyred gantry crane (RTG). The new generation covers five models, with a stronger, lighter and simpler modular design and intelligent features to provide customers with a highly productive and eco-efficient solution for container handling. The new Kalmar RTG is optimised to deliver high performance eco-efficiently and is also safer and easier to operate. From the operator’s point of view, crane performance and usability are better than ever thanks to the new anti-sway technology, enhanced cabin design with improved visibility, and redesigned crane management system (CMS), which also makes maintenance even easier with improved alarm handling. Service access has been improved with new platforms and relocated machinery including trim and anti-sway winches. Additionally, all new-generation RTGs are connected to the Kalmar Cloud, making it possible to monitor the cranes remotely and benefit from remote support from the Kalmar service team. Kalmar RTGs have always been known for their highly efficient energy systems, and the new generation of RTGs takes things a step further with optimised weight and smart choices in power systems, engines and component sizing. Marko Rasinen, Product Manager, Kalmar: “The new generation of RTGs is a major update on our proven and highly popular RTG platform. We’ve implemented hundreds of improvements using the latest technologies based on feedback from our customers. Virtually every system has been improved in one way or another, bringing a vast range of benefits across the board and establishing a new standard for the category.” The new range is composed of five models, all with highly efficient powertrains: the Kalmar AutoRTG, the Kalmar Zero Emission RTG, the Kalmar Hybrid RTG, the Kalmar SmartPower RTG and the Kalmar Classic RTG. All models are automation-ready and their size can be customised according to customer specifications up to 10+1 wide to maximise stacking efficiency. Wider cranes are especially suitable for intermodal applications but are also a viable option for marine terminals. The Kalmar AutoRTG application, powered by the Kalmar One automation system, allows terminal operators to automate their operations at their own pace. Customers have the freedom to choose the level of automation that is right for their business based on predefined AutoRTG blueprints, and Kalmar One’s proven functionalities and well-established processes enable them to streamline and automate their operations based on their unique needs.

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.

Cargotec estimates that the transaction will have approximately EUR 240 million positive impact on its operating profit in 2021. On its 26 March 2021 release, Cargotec estimated the positive impact to be EUR 230 million. The gain will be reported as an item affecting comparability and it does not impact Cargotec’s outlook for 2021 published on 28 April 2021 in conjunction with the company’s interim report January–March 2021.

As of 1 July 2021, Navis results are no longer consolidated into Cargotec financials.

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