Marel completes acquisition of Curio shares

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On 23 October, Marel announced it signed an agreement to acquire a 50% stake in Curio. Marel has now successfully completed the first phase of the transaction with the acquisition of 40% of Curio shares, as closing conditions have been satisfied. The transaction was finalized on 8 November 2019.

Complementary solution offering

The acquisition is fully in line with Marel’s strategic objective to be a leading global supplier of advanced standard equipment, full solutions, software and services to the poultry, meat and fish industries. Curio’s product portfolio of heading, filleting and skinning solutions is highly complementary to Marel’s existing portfolio of fish processing solutions and brings Marel closer to becoming a full-line provider to the global fish industry.

The companies have a history of successful cooperation on projects to deliver full-line solutions to customers around the world.

The transaction is conducted in two phases; 40% at closing and the additional 10% on 1 January 2021. Marel has an option to acquire the remaining 50% of shares in four years.


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