Proposed organizational structure for the combined company JBT and Marel

As previously announced, John Bean Technologies Corporation ("JBT") has initiated a voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. ("Marel" ). 

The takeover offer will expire on the earliest date to occur on either 11 November 2024, or three weeks after the date on which all required regulatory clearances are secured, unless the offer period will be extended.

JBT and Marel have started pre-integration planning for the proposed combination of the two companies and JBT has filed information on the proposed JBT Marel organizational structure. 

Proposed Organizational Structure

Proposed Organizational Structure

The proposed organizational changes are contingent upon the combination of the two companies and would only become effective after the transaction's closing. 

The transaction is subject to customary conditions, including regulatory approvals and approval by Marel shareholders. The transaction is expected to close by the end of 2024.