MAREL overview

Teleios Capital Partners: Statement from significant Marel shareholder on JBT transaction agreement PR Newswire LONDON, April 5, 2024 LONDON , April 5, 2024 /PRNewswire/ -- Teleios Capital Partners LLC, a long-standing shareholder in Marel, has today issued the below statement. Attributed to Adam Epstein , Co-Founder of Teleios Capital Partners: "As a long-term shareholder for over five years, we wrote to Marel last November to convey our support for rebuffing JBT's initial approach, which we...

Teleios Capital Partners: Letter to the Board of Directors of Marel PR Newswire LONDON, Nov. 29, 2023 LONDON , Nov. 29, 2023 /PRNewswire/ -- Teleios Capital Partners LLC, which has been a shareholder in Marel for over half a decade, with a current shareholding of 3.3%, has today sent a public letter to the company's Board of Directors. The letter can be found here: https://www.teleioscapital.com/documents/2023-11-29-teleios-letter-to-the-board-of-marel.pdf . For media enquiries, please contact...

Soft Robotics Inc. secures $26M in first close of Series C led by Tyson Ventures. Marel and Johnsonville also invest and join Soft Robotics powerful syndicate. PR Newswire BEDFORD, Mass., Nov. 17, 2022 BEDFORD, Mass. , Nov. 17, 2022 /PRNewswire/ -- Soft Robotics Inc. (SRI) announced today that it raised $26M in an initial Series C closing and will use the funds to expand commercial deployment of its m GripAI™ robotic picking solutions. m GripAI is an easy-to-integrate automation package that...

Marel hf. published its Q3 2022 Condensed Consolidated Financial Interim Statements after market closing on 2 November 2022. Please find attached the Q3 2022 investor presentation for today’s investor meeting at 8:30 am GMT (9:30 am CET), where senior management will give an overview of the financial results and operational highlights in the third quarter. The meeting is webcast live on marel.com/webcast and a recording is available after the meeting on marel.com/ ir . Members of the...

Attached is a major shareholder announcement from Eyrir Invest hf. Attachment 2022 11 02 - Notification of Major Shareholding...

On 2 November, Marel signed a new 3-year USD 300m term loan with an initial margin of 250bp on top of Secured Overnight Financing Rate (SOFR). The margin will move in line with the net debt/EBITDA ratio and has a two-year uncommitted extension option. Part of this new financing will be used to repay the EUR 150m multi-currency bridge facility drawn for operational headroom when acquiring Wenger . While Marel is within the acquisition spike and covenant terms of the EUR 700 million revolving...

Executive summary On track towards the 14-16% EBIT target for year-end 2023. Improved operational performance on higher volume enabled by automation infrastructure investments, solid customer deliveries, as well as better price/cost coverage. Full benefit of already enacted pricing actions to filter through in coming quarters resulting in better price/cost coverage and gradual margin expansion. Annualized savings from the 5% workforce reduction revised to up to EUR 25m (previously stated EUR...