# JBT Corporation to acquire Marel hf.

JBT Corporation and Marel hf. have executed a definitive transaction agreement for JBT's voluntary takeover offer for all Marel shares. The offer is expected to launch in May 2024 and close by the end of 2024, subject to regulatory and shareholder approvals.

- Type: Acquisition
- Announced: 2024-04-09
- 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)

## Sources

- [potatopro.com](https://www.potatopro.com/news/2024/merger-food-processing-equipment-manufacturers-jbt-corporation-acquire-marel-shares), 2024-04-10: "The execution of this transaction agreement represents a significant milestone in the process to combine JBT and Marel"

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