About Marel
Marel is a company based in Reykjavik (Iceland) founded in 1996 was acquired by John Bean Technologies in December 2024.. Marel has completed 5 acquisitions, including Curio, MAJA and Poultry Machinery Joosten.
- Headquarter Reykjavik, Iceland
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$15.23 K (USD), Grant
Mar 08, 2023
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Investors
John Bean Technologies
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Curio
& 4 more
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Acquired by
John Bean Technologies
(Dec 20, 2024)
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Software Development Team
18 people
Leadership Team
15 people
Human Resources and Administration
14 people
Finance and Accounting
13 people
Field Team
9 people
Product Management Team
6 people
Sales and Marketing
6 people
Global Team
4 people
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Funding Insights of Marel
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $15,229
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First Round
First Round
(01 Mar 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Grant - Marel | Valuation |
investors |
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| Jan, 2023 | Amount | Grant - Marel | Valuation |
investors |
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| Oct, 2021 | Amount | Grant - Marel | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Marel
Marel has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include John Bean Technologies, European Union and Ministerstvo Hospodárstva Slovenskej Republiky. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Complete meat processing lines are designed, manufactured, and supplied.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Marel
Marel has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Curio, MAJA and Poultry Machinery Joosten. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online sports betting services are provided via a regulated platform.
|
2011 | ||||
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Manufacturer of duck processing equipment
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1998 | ||||
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Meat processing and refrigeration machinery are manufactured and supplied.
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1955 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Marel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marel Comparisons
Competitors of Marel
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Marel
Frequently Asked Questions about Marel
When was Marel founded?
Marel was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Where is Marel located?
Marel is headquartered in Reykjavik, Iceland.
Who is the current CEO of Marel?
Arni Sigurdsson is the current CEO of Marel.
What does Marel do?
Marel was founded in 1996 in Reykjavik, Iceland, where equipment for meat processing is produced. The food processing industry is served through machinery designed for handling and preparation tasks. Operations are based in Iceland, with global reach facilitated by the domain marel.com. Leadership is held by CEO Arni Sigurdsson, overseeing manufacturing activities focused on meat sector needs.
How many acquisitions has Marel made?
Marel has made 5 acquisitions, including Curio, MAJA, and Poultry Machinery Joosten.
Who are Marel's investors?
Marel has 3 investors. Key investors include John Bean Technologies, European Union, and Ministerstvo Hospodárstva Slovenskej Republiky.