# JBT to acquire Marel in voluntary takeover

John Bean Technologies Corporation (JBT) announced it expects approval from the Icelandic FSA for its voluntary takeover offer to acquire all shares of Marel, a food processing equipment maker.

- Type: Acquisition
- Announced: 2024-06-19
- Where: Gardabaer, Iceland, 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

- [Marel](https://endata.com/companies/16848.md) (target)
- [Marel hf.](https://endata.com/companies/58799.md) (target)
- [John Bean Technologies Corporation](https://endata.com/companies/63837.md) (acquirer)

## Sources

- [meatingplace.com](https://meatingplace.com/jbt-marel-prepare-for-voluntary-takeover-pending-fsa-approval/), 2024-06-19: "JBT and Marel are two complementary industry leaders with core technologies and services for the global food and beverage processing industry."
- [akm.ru](https://www.akm.ru/eng/news/the-icelandic-regulator-approved-the-acquisition-of-marel-by-jbt-for-3-4-billion-euros/), 2024-07-22: "The Icelandic regulator approved the acquisition of Marel by JBT for 3.4 billion euros."

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