Subscribe to our free, weekly email newsletter!


Zebra Technologies announces divestiture of Navis

Navis has long been regarded as an innovator in applications arena for port operations
By Patrick Burnson, Executive Editor
February 08, 2011

In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.

Navis has long been regarded as an innovator in applications arena for port operations.

The deal, valued at approximately $190 million in cash is expected to be completed during the first quarter of 2011, subject to regulatory approvals, customary closing conditions and working capital adjustments.

Management estimates that the sale will result in an after-tax gain of $30-$40 million, which will be recorded in the period in which the transaction is completed.

The transaction also includes certain business operations serving marine terminal customers that comprised a small part of Zebra’s 2007 acquisition of WhereNet, including the WhereNet Marine Terminal Solution product line. All other elements of WhereNet, such as real time location, tags and readers, will remain with Zebra.

Bill Walsh, president of Oakland, Calif.-based Navis, told LM that for shippers, the continued support should not be a question:

“Navis will remain a separate company, run independently as a part of Cargotec corporation.  The Navis solutions will continue to work well for our customers and their many different equipment needs”


“Following the sale of Navis, Zebra will benefit from a sharper focus on its core business to drive consistent long-term growth, said Anders Gustafsson, Zebra’s CEO in a statement.

He noted that Zebra’s concentration in asset tracking with specialty printing, RFID, and real-time locating solutions is used across a broad range of industries and applications – quite apart from terminal operations.

Navis is a leading global appications provider of operating systems to coordinate and automate the planning and management of container and equipment moves in marine terminals and other complex and demanding business environments.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

The long-simmering court battle over whether FedEx Ground’s workers are independent contractors or employees appears headed to the appellate courts—and maybe the U.S. Supreme Court.

Carload volume headed up 4.3 percent to 298,376, and intermodal units, at 273,376 containers and trailers were up 4.8 percent annually.

In light on various service-related freight railroad service issues, the Department of Transportation’s Surface Transportation Board (STB) recently announced it is now requiring Class I railroads to publicly file weekly data reports on service performance. These weekly reports are slated to begin on October 22.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA