Alfa Laval agrees to buy maritime software firm NAVTOR from Accel-KKR for $700 million
Alfa Laval signs an all-cash agreement to acquire NAVTOR, the Norwegian e-navigation and vessel-performance software provider backed by Accel-KKR since 2020.
Alfa Laval announced a definitive agreement to acquire NAVTOR AS for $700 million in an all-cash transaction, funded through its own cash and existing funding programs. The deal, announced November 6, is expected to close in the first quarter of 2027, subject to regulatory approvals.
NAVTOR, founded in 2011 and headquartered in Norway, provides e-navigation, vessel-performance solutions and onboard integrated workflows. The company has about 400 employees across 13 offices and serves customers in more than 90 countries, with estimated 2026 revenue of $194 million.
NAVTOR identified Accel-KKR as its capital partner since 2020. Kirkland & Ellis advised Accel-KKR on the sale. Alfa Laval president and CEO Tom Erixon said the acquisition expands the company's digital offering at a time when real-time decision-making at sea is increasingly complex.
Deal facts
- Target
- NAVTOR
- Business
- Norwegian provider of e-navigation, vessel-performance and onboard workflow software for the maritime industry
- Buyer
- Alfa Laval
- Seller
- Accel-KKR
- Deal type
- Exit
- Value
- $700 million
- Advisers
- Kirkland & Ellis LLP legal counsel to Accel-KKR
- Status
- Announced
- Announced
- Friday, November 6, 2026
Sources
- Alfa LavalNov 6, 2026
- NAVTORNov 6, 2026
- Kirkland & EllisNov 6, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.