JBT Corporation announced the completion of its voluntary takeover offer to acquire Marel hf. on January 2, 2025. This strategic acquisition marks a significant milestone, transforming JBT into a leading global food and beverage technology solutions provider.
Following the settlement of the takeover offer, the combined entity commenced trading under the new name, JBT Marel Corporation, on both the NYSE and Nasdaq Iceland. The voluntary takeover offer for Marel hf. shares had previously expired on December 20, 2024.
This combination brings together two renowned companies with complementary product portfolios and cutting-edge technology, aiming to enhance global customers' access to industry-leading solutions. The merger is expected to create a diversified player with enhanced scale across the food and beverage value chain.
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