Zebra to acquire cargo IT firm Navis
Zebra Technologies Corp said Monday it has agreed to acquire all the shares of Oakland-based logistics technology firm Navis Holdings LLC for about $145 million in cash.
Vernon Hills, Ill.-based Zebra, a producer of bar code printers and materials, said it expects the acquisition to close in the fourth quarter.
Founded in 1988, Navis was an early developer of automated container terminal software systems. Today, Navis technology products are utilized in more than 450 facilities throughout the world. Notable customers include APL, Dubai Ports World, Wal-Mart, and Johnson & Johnson.
Zebra, which posted 2006 sales of nearly $760 million according to Hoover's, said Navis should generate about $60 million in revenues for 2007.
Zebra to acquire cargo IT firm Navis
