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Navis Appoints Former PayPal and Sabre Leader, Lakshmanan Krishnamoorthy, as Engineering VP and General Manager


Leadership Addition Reinforces Company's Focus on Innovative
Solutions to Drive Ocean Shipping Supply Chain Transformation

a part of Cargotec
and provider of operational technologies and services
that unlock greater performance and efficiency for the world's leading
organizations across the shipping supply chain, today announced that
former Sabre
and PayPal
leader Lakshmanan (Laks) Krishnamoorthy has joined the company as Vice
President and General Manager of Engineering. Krishnamoorthy will be
instrumental in driving technology innovation and leading product and
service development for the N4 TOS, XVELA, Navis Carrier and Vessel
Solutions (NCVS) and future business lines. He is the latest technology
leader to join Navis' leadership team as the company continues to
execute its broader software strategy and fulfill its vision to drive
synchronization and collaboration in the ocean supply chain.

With more than 25 years of engineering experience, Krishnamoorthy is a
proven leader of high performing global technical teams focused on
creating market-leading products and solutions. He has built various
products from concept to reality and has been a catalyst at previous
companies to help transform their businesses. Most recently,
Krishnamoorthy served as Senior Director, Product and Engineering for
Merchant Solutions at PayPal, and was responsible for product lines
generating $500M in revenue. Before that, he held various roles during
his 17-year tenure at Sabre,
a leading technology provider for the global travel industry, and was
most recently responsible for multiple investment projects totaling $10
million for the organization's AirCentre product suite.

"Product and service innovation is central to our ability to support
digital transformation for terminals, carriers and shippers alike. Not
only does Laks have an extensive background in engineering, his
experience at companies that have served as disruptors and change agents
in their respective industries—payments and airlines—will be invaluable
to Navis and its customers as we continue to scale," said Benoit de la
Tour, President of Navis.

"I am honored to be a part of this strategic growth initiative and look
forward to evolving Navis' market-leading product and service offerings
from Navis' Chennai office," said Krishnamoorthy.

For more information visit

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational
technologies and services that unlock greater performance and efficiency
for the world's leading organizations across the shipping supply chain.
Navis combines industry best practices with innovative technology and
world-class services to enable our container terminals and carriers
alike to streamline their ocean supply chains and better collaborate
together, transforming how goods are efficiently delivered. Whether
tracking cargo through a port, automating equipment operations, or
managing multiple terminals through an integrated, centralized solution,
Navis provides a comprehensive set of solutions to optimize terminal
performance, vessel performance and cloud-based collaboration that
drives transparency, efficiency and profitability to a network of ocean
carriers and terminal operators.


XVELA provides a transformative, cloud-based collaboration platform and
maritime business network that drives transparency, efficiency and
profitability to ocean carriers and terminal operators. Through
real-time collaboration, shared data and actionable visibility across
the vessel rotation, XVELA enables terminals, carriers and their
operational partners to work together to simplify, connect and optimize
their end-to-end planning processes, starting with stowage planning and
now expanding to berth management and port call optimization. The result
is a win-win solution that allows both terminals and carriers to forge
new efficiencies, improve customer service and reliability, and capture
substantial untapped savings across the container supply chain.

Backed by Navis, the leading provider of software and services for
terminal operators and ocean carriers, XVELA operates as an independent
entity focused on enabling collaboration and operational visibility. For
more information, visit

About Cargotec Corporation

Cargotec (Nasdaq Helsinki:CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent
cargo handling. Cargotec's business areas Kalmar, Hiab and MacGregor
offer products and services that ensure our customers a continuous,
reliable and sustainable performance. Cargotec's sales in 2017 totaled
approximately EUR 3.2 billion and it employs over 11,000 people.

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