Marel hf. has announced the acquisition of all shares in the Danish food equipment manufacturer Scanvaegt International AS.
With this move, Marel and Scanvaegt will create a strong player able to meet the demands of the global food industry. Both companies hold a strong position in food industry processing equipment, as well as IT systems and turn-key processing lines. “Scanvaegt has a very good reputation and high-quality products. It is important to stress that this is a joining of forces between two very good companies,” says Hordur Arnarson, CEO, Marel. “We regard it as an important step towards fulfilling Marel’s strategy of becoming one of the leading global manufacturers of food processing equipment, and to triple the Group’s annual revenues in the next three to five years. Together, we can improve our product offering by boosting product development, lowering costs and increasing the profitability of Marel and Scanvaegt, in addition to benefiting the industry.”
