Vernon Hills, IL: Zebra Technologies Corp. has announced that it has completed the acquisition of Oakland, CA-based Navis Holdings, LLC. Navis provides solutions for marine terminals and other operations managing cargo in the supply chain. Founded in 1988, it was the first company to provide automated container terminal operating systems, which improve velocity and visibility of cargo movement through port and intermodal facilities. The Navis suite of products helps companies enhance productivity, efficiency and profitability by automating and integrating data input functions for real-time analysis and planning. Navis has more than 450 end user sites in operation in more than 50 countries. Zebra has agreed to acquire all of the shares of Navis for approximately $145 million in cash.
“Navis is an excellent platform for Zebra to provide end-to-end solutions that help its customers identify, locate and track assets through the supply chain,” says Anders Gustafsson, Zebra’s chief executive officer.
“Our combination with Zebra Technologies will ensure that Navis continues to provide the highest levels of innovation and service our customers deserve and require,” said John Dillon, CEO, Navis. “This transaction will allow us to continue our extensive maritime focus as well as all of our strategic market initiatives. As a part of Zebra, Navis will benefit from Zebra’s financial strength, global reach, and engineering expertise.”
