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.