Flexible Electronics News

Zebra Technologies Completes Divestiture of Navis

Completes sale of its Navis business to Cargotec Corporation

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Zebra Technologies Corporation announced that it has completed the sale of its Navis business to Cargotec Corporation for approximately $190 million in cash, subject to a working capital adjustment. As previously reported, management estimates that the sale will result in an after-tax gain of $30-$40 million, which will be recorded in first quarter of 2011. The sale transfers Zebra’s Navis worldwide terminal operating system (TOS) business and the WhereNet Marine Terminal Solution product lin...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters