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Jbt Corporation Acquires Alco-Food-Machines

Jul 01, 2022•over 3 years ago

Acquiring Company

JBT Marel

Acquired Company

Alco-food-machines

ChicagoFood ProcessingFood and BeverageManufacturing

Description

JBT Corporation (NYSE: JBT), a global technology solutions provider to high-value segments of the food and beverage industry, announced today it has acquired Alco-food-machines GmbH & Co. KG (Alco), a leading provider of further food processing solutions and production lines.

Company Information

Company

JBT Marel

Location

Chicago, Illinois, United States

About

JBT Marel is a leader in food processing and technology solutions, specializing in automation and sustainability. The company focuses on innovative solutions that enhance food safety and resource efficiency in the food industry. They aim to drive growth through the integration of advanced systems and cutting-edge technologies. JBT Marel combines expertise in food processing with a commitment to sustainability and automation.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed