---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-010641"
form_type: "8-K"
ticker: "JBTM"
cik: "0001433660"
company_name: "JBT MAREL Corp"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:12:51.462098+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# JBT announces intention to acquire Marel for €3.5B; reports prelim 2023 EPS above guidance and 2024 outlook

## Summary
- JBT to acquire Marel at €3.60 per share, valuing Marel equity at ~€2.7B and enterprise value at ~€3.5B (incl. net debt).
- Offer premium: 54% above Marel's Nov 23 close (ISK 350) and 16% above Jan 18 close; consideration mix ~65% stock, 35% cash.
- Expected cost synergies >$125M annually within three years post-close; pro forma net leverage <3.5x at YE2024, <3.0x by YE2025.
- Preliminary FY2023 GAAP EPS $4.00-$4.10 (above prior guidance of $3.50-$3.65); adjusted EPS $4.05-$4.15 (prior $3.95-$4.10).
- FY2024 guidance: revenue $1.75B-$1.78B, adjusted EPS $5.05-$5.45, adjusted EBITDA margin 17.0%-17.5%.

## SEC filing metadata
- accession: 0001193125-24-010641
- form_type: 8-K
- ticker: JBTM
- cik: 0001433660
- company_name: JBT MAREL Corp
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433660/000119312524010641/0001193125-24-010641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433660/000119312524010641/d175011d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-010641
- JSON: https://secwatch.observer/filing/0001193125-24-010641.json
- Plain text: https://secwatch.observer/filing/0001193125-24-010641.txt

## Key facts
- Earnings Releases
  JBT MAREL Corp updated its Full Year 2023 guidance (raised).
  - Period: Full Year 2023
  - Guidance: raised
  - Result: preliminary results
  source text: JBT Corporation Announces Intention to Launch a Voluntary Takeover Offer to Effectuate Merger with Marel hf; also Announces Solid Preliminary 2023 Financial Results and 2024 Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433660/000119312524010641/0001193125-24-010641-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.