LOGOS legal services is the legal advisor of Eyrir Invest hf., the largest shareholder of Marel, in the merger of Marel and John Bean Technologies Corporation.
It was announced today that over 90% of Marel hf.’s shareholders have approved JBT’s voluntary takeover offer for all outstanding shares in Marel hf. As all conditions of the voluntary takeover offer have been satisfied, preparations for the settlement of the transaction will begin.
The takeover represents one of the largest commercial transactions in Icelandic business history, but the lead-up to it can be traced back to Eyrir Invest hf. contacting JBT representatives in late 2023 to explore their interest in purchasing a majority stake in Marel. The merger is expected to strengthen the companies’ position in international markets and create numerous growth opportunities.
We are grateful for the excellent cooperation with the management of Eyrir Invest hf. and wish everyone involved continued success.