Navis (Cargotec) Acquires Cetus Labs (Octopi)

March 8, 2019

Navis, part of Cargotec, acquired US-based Cetus Labs, Inc., the developer of Octopi — a cloud-based terminal operating system (TOS) for small container and mixed-cargo terminals. The acquisition adds a lightweight, cloud TOS to Navis’s software portfolio to better serve smaller or remote terminals and expand Navis’s addressable market without materially affecting Cargotec’s 2019 financials.

Buyers
Navis (part of Cargotec)
Targets
Cetus Labs, Inc. (Octopi)
Industry
Software
Location
Florida, United States
Transaction Type
Buyout

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