JBT Marel acquisition

Unlock Key Insights into the JBT FoodTech-Marel Acquisition!

Discover the strategic merger set to reshape the global food technology landscape. JBT FoodTech’s voluntary takeover of Marel, aiming to acquire all issued shares, is anticipated to close by late 2024—creating a powerhouse in food tech innovation.


In this exclusive Linde Consult Report, we dive deep into the acquisition’s potential impact, offering answers to 20 critical questions. Packed with detailed analysis, data-rich tables, compelling figures, and vivid illustrations, this report is an invaluable resource for decision-makers and industry leaders.


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Table of content

1 Introduction to the acquisition 2


1.1 JBT Foodtech  3

1.2 Marel 4

1.3 Terms & condition of the deal 5

1.4 Why could this merger be (un)successful? 6


2 Prognosed impact and effects of the integration 7


2.1 Which backward / forward integration could be accomplished as combined entity? 7

2.1.1 Backward integration: 7

2.1.2 Forward integration: 8


2.2 How would market shares evolve in the long run? 8

2.3 How would share prices evolve in coming years? 9

2.4 What significant synergies and cross-selling opportunities may result from this acquisition? 9

2.5 How can the overlapping business areas be optimized for maximum returns? 9

2.6 Could there be capacity closures? 10

2.7 Which business areas and regions could be targeted? 10

2.8 What might the utilization rates be for the combined entity? 11

2.9 What is the demand outlook for the company's key segments? 11

2.10 Is the demand for poultry beginning to recover? 11

2.11 When can the meat and seafood business start to see order books turning positive? 11


2.12 What opportunities could arise with the beverages and liquids business? 11

2.12.1 Could JBT Marel take a significant market? 12


2.13 How are the current dynamics for pet food business? 12

2.13.1 Trends in the Pet Food Production Industry 12

2.13.2 Challenges in the Pet Food Production Industry 12

2.13.3 Future Outlook of the Pet Food Industry 13

2.13.4 JBT Marel in Petfood segment 13


2.14 Has competitive pricing impacted JBT? 16

2.15 For warehouse automation, do the prospects remain solid given market expansion? 16

2.16 What is the visibility of order books and intakes? 16

2.17 How are the prices for equipment and after-service contracts evolving? 17

2.18 Can any pricing changes be expected because of the enhanced supply chain? 17

2.19 What kind of supply chain challenges could be arising because of the combination? 17

2.20 What is the current trend in delivery lead times? 17

2.21 What is the outlook for major costs? 17


3 Conclusions 18


4 Appendix 19

4.1 Sources 19

Research approach


The acquisition of Marel by JBT FoodTech is structured as a voluntary takeover, with JBT intending to purchase all issued shares of Marel. The offer is conditioned on several key factors, including regulatory and shareholder approvals.


The completion of the deal is expected late 2024, pending approvals and final terms negotiation. The goal of this merger is to create a leading global provider of food technology solutions​. In this report, we analyse the acquisition and its impact by answering 20 relevant questions. 


We completed a number of (online) interviews with people regarded as industry leaders, where they were asked their opinions, expectations and views. We spoke with global directors, global managers, and industry specialists. The names of interviewees and full interview transcripts are confidential. We also applied fact-finding and fact-checking and used our own LC Platform and data. The JBT Foodtech and Marel management teams were approached but did not comment.

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To obtain access to the full report, please contact us via info@lindeconsult.nl or tel. 31 6 1233 7915

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