At what enterprise value was MAREL acquired in 2024?

During the acquisition of MAREL by JBT MAREL in 2024, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR.

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.

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.

What was the EBITDA of MAREL during the acquisition?

MAREL's EBITDA is estimated to be in the range of 150M - 250M EUR.

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.

This platform was built through multiple acquisitions, including Valka (2021) and Wenger Manufacturing (2022), illustrating an active consolidation strategy.

MAREL, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

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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Historical Financials (EUR)

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2024

2023

Other operations with MAREL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2022	MAREL	WENGER MANUFACTURING	UNITED STATES	Food & Beverage Lines
07/2021	MAREL	VALKA	ICELAND	Food & Beverage Lines
10/2020	MAREL	TREIF MASCHINENBAU	GERMANY	Food & Beverage Lines
12/2019	MAREL	CURIO	ICELAND	Food & Beverage Lines
11/2019	MAREL	CEDAR CREEK COMPANY	AUSTRALIA	Industry-Specific Software
07/2018	MAREL	MAJA	GERMANY	Food & Beverage Lines
11/2015	MAREL	MPS MEAT PROCESSING SYSTEMS	NETHERLANDS	Food & Beverage Lines

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: jbt marel