13.7 C
Hamburg
Saturday, September 26, 2020
Home News Navis to acquire Jade Logistics

Navis to acquire Jade Logistics

Navis has entered into an agreement to acquire the assets of Jade Logistics, a provider of the Master Terminal TOS for mixed cargo terminals. Jade Logistics is based in Christchurch, New Zealand and is trusted by over 100 facilities globally to manage the transport of mixed cargo such as steel, timber, containers, cars and many other materials. With N4, Octopi and Jade Master Terminal, Navis can offer the flexibility of the right TOS for any prospective customer’s cargo requirements. Navis will establish a General Cargo Center of Excellence in Christchurch, New Zealand to serve the growing demand for mixed cargo solutions globally. The acquisition is expected to be completed by the end of 2019.

With the addition of Jade Logistics Master Terminal to its software portfolio, Navis is better positioned to support hundreds of terminals around the world that need to improve terminal operations for a wide variety of cargo types beyond containers. Jade Logistics customers will benefit from Navis’ industry expertise and innovation, its global reach and its large scale support and services organization resources which provide a customer experience that is second to none.

“We are experiencing growing customer demand for general cargo services, and we feel Jade Logistics is ideally suited to enhance our product portfolio and our reach within this category,” said Benoit de la Tour, President, Navis. “By joining forces with Jade Logistics, Navis is addressing a key complementary market and growth opportunity for the company and offering the industry the best of breed solution for general cargo. We look forward to getting to know Jade's customers, understand their priorities and support their business needs with world-class technology and global support.”

Built from the ground up as a general cargo TOS, Master Terminal is designed to handle all cargo types. Master Terminal provides a single, real–time view of operations to enable smarter decisions faster. Master Terminal is a highly secure and scalable solution, which facilitates the sharing of cargo information beyond the port “walls” across the supply chain, helping ports grow their business through increased visibility.

“We are thrilled to be joining the Navis team, the world leader in terms of global footprint, innovation and combined expertise in terminal operating systems,” said David Lindsay, Chief Executive Officer at Jade Logistics. “We are as committed as ever to our growing customer base. Navis will bring additional capabilities and resources to help further optimize and maximize general cargo terminal performance."

Following the acquisition, the Jade Logistics team will continue to operate out of its Christchurch, New Zealand headquarters under the direction of Lindsay, who will remain on board and help manage the General Cargo Center of Excellence to advance general cargo terminal operations software and services for Navis’ global customer base.

The acquisition does not have a significant impact on Cargotec financials, Navis says in its announcement.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Pitch perfect, curbing energy wastage at sea

As the maritime sector enters a period of transformation to a zero carbon future the onus will be on owners to find mitigating technologies...

Hapag-Lloyd invests in LNG retrofit

German vessel operator Hapag-Lloyd is converting a former UASC ship, the 15,000TEU Sajir, to operate on LNG fuel. Hapag-Lloyd said that using LNG compared to...

Lines argue FMC has no jurisdiction in chassis dispute

The world’s biggest shipping lines have filed a motion to dismiss a US$1.8 billion complaint about equipment use in the US on the grounds...

DP World Australia expects to resolve dockers dispute

Dock workers in Port Botany, Sydney Australia, are expected to reach a negotiated agreement to their dispute with DP World Australia (DPWA) following a...

“Abraham Accords” leads to market buoyancy in Middle East

Maersk Line, the world's largest container shipping carrier, will start to ship boxes between Israel and United Arab Emirates (UAE), as the two countries...