# JBT Corporation to acquire Marel for €3.4 billion

JBT Corporation submitted a revised offer to acquire Icelandic food processing company Marel hf. for €3.4 billion, combining 50% cash and 50% shares. The deal aims to create one of the largest food technology companies.

- Type: Acquisition
- Announced: 2023-12-14
- Where: Gardabaer, Iceland
- Value: $3.70B (3.40B EUR)
- Status: announced
- Products: food processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [JBT Corp.](https://endata.com/companies/1030.md) (acquirer)
- [Marel hf.](https://endata.com/companies/58799.md) (target)
- [Eyrir Invest hf.](https://endata.com/companies/74441.md) (investor)

## Sources

- [akm.ru](https://www.akm.ru/eng/news/jbt-plans-to-acquire-iceland-s-marel-for-3-4-billion-euros/), 2023-12-14: "The transaction value is 3.4 billion euros (3.40 euros per share, which is 46% higher than the closing price on December 13, 2023)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.