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New Deal


Announced

Accel-KKR-backed NAVTOR to acquire Ingenium Marine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Software

India

Pending

Private Equity

Friendly

Majority

Single Bidder

Private

navigational software

Acquisition

Cross Border

Synopsis

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Accel-KKR-backed NAVTOR, a developer of navigational software for the maritime industry, agreed to acquire Ingenium Marine, a developer of navigational software. Financial terms were not disclosed. “That’s what we’ve achieved through leading the development of e-Navigation and, since the acquisition of Tres Solutions, performance monitoring and optimisation. Ingenium has travelled the same road with logbooks – taking an onerous, complicated, often unreliable, and out-dated paper-based system and transforming it for 21st century demands. Digital logbooks may not be mandatory yet, but when the industry sees what is possible they will be… and they’ll be a rush to adopt to maximise competitive advantage," Tor Svanes, NAVTOR CEO.

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