How much did IMI sell for?
John Bean Technologies Corporation (JBT) successfully acquired Icelandic food processing equipment manufacturer Marel hf. in a landmark cross-border transaction valued at approximately 3.4 billion euros (or roughly 3.9 billion US dollars). Following a series of preliminary proposals, the final definitive agreement structured the purchase consideration using a combination of cash and stock, with Marel shareholders receiving a mixture of cash payouts funded via bridge loan facilities alongside newly issued shares representing roughly a 38 percent ownership stake in the newly combined global food technology giant, operating under the name JBT Marel Corporation.
Related FAQs
Yes, InBank offers Zelle® as an integrated feature for its customers.
Impinj utilizes the Internet of Things (IoT) by developing RAIN RFID technology that wirelessly connects everyday physical items—such as apparel, medical supplies, and luggage—to software applications and enterprise cloud platforms.