Cargotec Corporation has announced that it has agreed to acquire all the shares in the German maritime software and service company Interschalt.
Cargotec believes the acquisition will complement its strategic aim of being a leader in intelligent cargo handling and it will gain more competence in technologically advanced software and service solutions.
The deal is expected to be completed by the first quarter of 2016. The parties have agreed not to disclose the transaction value.
“During the last couple of years, we have been focusing on improving our profitability and now we are ready to take the next strategic step in implementing our strategy,” said Mika Vehviläinen, ceo of Cargotec. “Our target is to get 40% of sales from services and software in five years’ time. This acquisition is an excellent strategic fit to our Navis and XVELA offerings within the Kalmar organisation, and it will also bring new service business for MacGregor.”
Interschalt provides software solutions and services for the maritime industry, and its activities are structured into two segments: software solutions for cargo and fleet management as well as maintenance, repair and retrofit services for bridge navigation and communication equipment as well as for data voyage recorder systems. Cargotec is planning to integrate software solutions into the Kalmar business area and services into the MacGregor business area.