Processing equipment manufacturer Marel has agreed to terms of a potential deal that could ultimately lead to it being acquired by US-based John Bean Technologies Corporation (JBT).
JBT expects to officially launch the takeover offer in May, pending a registration statement to be filed with the US Securities and Exchange Commission and approval of an offer document and prospectus by the Icelandic Financial Supervisory Authority.
“This is a significant milestone in the potential combination of our two businesses," said Marel Chairman Arnar Thor Masson.
