Partnership
JBT Corporation x Marel hf
JBT Corporation completed a voluntary takeover of Marel hf, an Icelandic food processing technology company, for approximately €3.60 per share. The combined entity was rebranded JBT Marel Corporation and trades on both NYSE and Nasdaq Iceland.
investment · Active · operating
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0329e1e5-06a2-4317-88ff-866f42d9f06c- Type
- investment
- Status
- Activeoperating
- Announced
- 2024-01-192.6 years ago
- Start
- 2025-01-071.6 years ago
- Active for
- 1.6 years
Who’s involved
JBT Corporation (now [JBT Marel Corporation](https://ir.jbtmarel.com)) is a global technology solutions provider to the food and beverage industry, headquartered in Chicago, Illinois. The company designs, produces, and services food processing systems and automated guided vehicle (AGV) systems, tracing its roots to 1884 when inventor John Bean founded the Bean Spray Pump Company. JBT was spun off from [FMC Technologies](https://en.wikipedia.org/wiki/FMC_Technologies) in 2008 and completed its acquisition of Marel hf in January 2025, rebranding as JBT Marel Corporation (NYSE: JBTM). The company employs approximately 5,100 people across 25+ countries.
Off-registry parties
- Marel hf · co developer
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Sources (1)
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