# JBT's acquisition of Marel approved by 97.5% of shareholders, to rebrand as JBT Marel

John Bean Technologies Corporation (JBT) announced that its voluntary takeover offer to acquire Marel hf expired on Dec. 20, 2024, with 97.5% of Marel shareholders approving the deal. The combination is expected to occur on Jan. 2, 2025, and JBT will change its corporate name to JBT Marel Corporation.

- Type: Acquisition
- Announced: 2024-12-23
- Where: Iceland
- Status: announced
- Products: food processing equipment, poultry equipment, meat equipment, fish equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

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

## Sources

- [kalkine.com](https://kalkine.com/news/stocks/jbts-marel-acquisition-clears-last-hurdle-to-rebrand-as-jbt-marel), 2024-12-23: "The JBT and Marel combination, expected to occur on Jan. 2, 2025, will form a leading food and beverage technology company."

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