M&A Deal Summary

JBT Acquires Marel

On April 5, 2024, JBT acquired machinery company Marel

Acquisition Highlights
  • This is JBT’s 14th transaction in the Machinery sector.
  • This is JBT’s 1st transaction in Iceland.

M&A Deal Summary

Date 2024-04-05
Target Marel
Sector Machinery
Buyer(s) JBT
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)

Target

Marel

Gardabaer, Iceland
Marel is a provider of advanced equipment, systems and services to the poultry, fish, meat, and further processing industries. Marel was founded in 1977 and is based in Gardabaer, Iceland.

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Buyer(S) 1

Buyer

JBT

Chicago, Illinois, United States

Category Company
Founded 1994
Sector Machinery
Employees5,100
Revenue 1.7B USD (2023)
DESCRIPTION

JBT is a global technology solutions provider to food processing and air transportation industries. JBT designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT was incorporated in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 19
Sector: Machinery M&A 14 of 14
Type: Add-on Acquisition M&A Deals 16 of 16
Country: Iceland M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 JBT s AeroTech Business

Chicago, Illinois, United States

JBT's AeroTech Business is a provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air-freight carriers, ground handling and military customers. JBT's AeroTech Business is based in Chicago, Illinois.

Sell $800M