JBT completed the acquisition of Marel for €3.4bn.

JBT, a technology solutions provider to the food & beverage industry, completed the acquisition of Marel, a multi-national food processing company, for €3.4bn. “Today is a significant achievement, culminating in over a year of dedicated effort to combine the complementary strengths of both JBT and Marel. The creation of JBT Marel Corporation is guided by our shared purpose, to transform the future of food. With JBT Marel’s diverse solutions offering, enhanced operational scale, and deep application, service and digital expertise, we can better support our customers and the broader global food chain," Brian Deck, JBT Marel CEO. On August 8, 2024, JBT shareholders voted to approve the issuance of shares of JBT common stock in connection with JBT’s pending combination with Marel.