Accel-KKR LLC completed the acquisition of Navis, LLC from Cargotec Corporation.
Accel-KKR LLC completed the acquisition of Navis, LLC from Cargotec Corporation (HLSE:CGCBV) on July 1, 2021. Accel-KKR has paid 350 million to Cargotec and obtained control of Navis' business. The remaining 30 million will be paid 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. Duffy Lorenz and Daniel DeDeo of Baker & McKenzie LLP acted as legal advisor to Accel-KKR LLC.