# JBT completes takeover of Marel, forms JBT Marel Corporation

John Bean Technologies Corporation (JBT) has completed its takeover of Icelandic food processing equipment manufacturer Marel. Shares of the combined company, JBT Marel Corporation, began trading on January 3, 2025 on the NYSE and Nasdaq Iceland.

- Type: Acquisition
- Announced: 2025-01-03
- Where: United States
- Status: completed
- Products: food processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [JBT Marel](https://endata.com/companies/79558.md)
- [Marel](https://endata.com/companies/16848.md) (target)
- [John Bean Technologies Corporation](https://endata.com/companies/63837.md) (acquirer)
- [JBT Marel](https://endata.com/companies/79558.md) (partner)

## Sources

- [undercurrentnews.com](https://www.undercurrentnews.com/2025/01/08/jbt-completes-takeover-of-icelands-marel/), 2025-01-08: "Today is a significant achievement, culminating in over a year of dedicated effort to combine the complementary strengths of both JBT and Marel."
- [eyrir.is](https://eyrir.is/milestone-for-eyrir-invest-and-its-shareholders/), 2025-02-04: "Following the successful merger of Marel hf. and John Bean Technologies Corporation, Eyrir Invest is now one of the largest shareholders in JBT Marel Corporation, with a 6.6% shareholding."

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