# JBT Corporation completes acquisition of Marel to form JBT Marel Corporation

JBT Corporation completed its voluntary takeover offer for Marel hf., acquiring 97.5% of shares and initiating compulsory acquisition for the remainder. The combined entity, JBT Marel Corporation, will be a global leader in food technology.

- Type: Acquisition
- Announced: 2024-12-01
- Where: Iceland
- Status: completed
- Products: food processing equipment, protein processing systems, liquid food and beverage technology
- 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

- [mynthcapital.com](https://mynthcapital.com/public-deals/marel-acquired-by-jbt-marel-wVkmbEe2MzRiJzOiBqNg), 2024-12-01: "JBT Corporation has completed the settlement of its voluntary takeover offer for Marel hf., acquiring 97.5% of the shares and initiating a compulsory acquisition for the remaining outstanding shares."

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