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Jbt Corporation Acquires Alco-Food-Machines

Jul 01, 2022•about 3 years ago

Acquiring Company

JBT Corporation

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 Corporation

Location

Chicago, Illinois, United States

About

JBT Corporation is a leading global technology solutions provider to high-value segments of the food & beverage industry. It offers innovative and reliable solutions in food processing, packaging, and technological solutions. With a commitment to excellence, JBT Corporation strives to deliver cutting-edge technology to its customers worldwide.

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

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