At what enterprise value was MAREL acquired in 2024?

During the acquisition of MAREL by JBT MAREL in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MAREL when it was acquired by JBT MAREL?

The estimated EV/EBITDA multiple for MAREL is in the range of 15x - 25x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was MAREL acquired by JBT MAREL?

MAREL was acquired by JBT MAREL in 2024.

What was the revenue of MAREL at the time of the deal?

The revenue of MAREL at the time of the deal is estimated to be in the range of 1b - 3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MAREL during the acquisition?

MAREL's EBITDA is estimated to be in the range of 150M - 250M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MAREL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MAREL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://ir.jbtmarel.com/news/press-releases/detail/122/jbt-corporation-announces-the-execution-of-a-definitive-transaction-agreement-with-marel-hf-representing-a-significant-milestone-towards-the-anticipated-launch-of-a-voluntary-takeover-offer-for-all-marel-shares

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Home Database Industry & ManufacturingMAREL

12/2024

MAREL acquired by JBT MAREL

ICELAND Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV 3b - 100b EUR

Context

JBT Corporation has completed the settlement of its voluntary takeover offer for Marel hf., acquiring 97.5% of the shares and initiating a compulsory acquisition for the remaining outstanding shares. The deal results in the formation of JBT Marel Corporation, a combined entity with a strengthened global footprint in food technology. The merger is designed to combine the complementary strengths of JBT (specializing in liquid food, beverage, and packaging technology) and Marel (specializing in protein processing and full-line food systems). By unifying these portfolios, the combined company aims to transform the future of food processing by leveraging a broader base of recurring service revenues and deep domain expertise. The strategic logic is built on significant revenue synergies and the creation of a "one-stop-shop" for food and beverage producers, allowing the new entity to offer a more comprehensive range of automated and software-enabled solutions to a global customer base. This deal represents a major consolidation in the food processing machinery industry, creating a tier-one global player with unmatched scale.

The company previously completed an external growth operation by acquiring Mps Meat Processing Systems in 2015.

MAREL, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Marel, headquartered in Iceland, is a premier global provider of advanced processing equipment, systems, software, and services tailored for the food processing industry. The company engineers highly sophisticated solutions across multiple verticals, notably poultry, meat, fish, and pet food, supported by its well-regarded Wenger Manufacturing subsidiary. Recognized as an undeniable market leader in food processing technology, the enterprise holds a highly defensible market position driven by a robust portfolio of robotics, data-driven automation, and software solutions. Furthermore, the organization operates a highly resilient business model, generating substantial recurring revenue from aftermarket services and proprietary software ecosystems, which ensures deep client entrenchment. Strategically, the firm continually reinforces its competitive moat by investing heavily in research and development to set new industry benchmarks for food safety, sustainability, and production yield. This distinctive value proposition positions the company as a highly attractive platform for sector consolidation, offering unmatched capabilities in driving operational efficiencies for food producers worldwide.

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Other operations with MAREL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2015	MAREL	MPS MEAT PROCESSING SYSTEMS	NETHERLANDS	Industrial Equipment	Marel has completed the 100% acquisition of MPS meat processing systems. This acquisition serves as a key pillar in Marel’s strategy to become the leading provider of full-line solutions for the global meat industry. By integrating MPS, Marel extends its existing secondary processing expertise with MPS’s leadership in primary processing, slaughtering, and logistics. The combination creates significant synergies by allowing Marel to offer integrated, end-to-end processing lines to its global customer base. The deal also rebalances Marel’s revenue mix, increasing its exposure to the red meat sector and strengthening its footprint in European and emerging markets. MPS shareholders reinvested a portion of the proceeds into Marel shares, signaling strong alignment with the long-term success of the combined group.

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MAREL by JBT MAREL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: jbt marel