Marel Growth Strategy and Wenger Acquisition
Conclusion
Marel is expanding the strategic window through the highly compelling acquisition of Wenger
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Wenger is a strong market leading company with
favorable outlook in attractive and growing end markets
Great strategic and cultural fit, with the companies
sharing a number of the same qualities
Acquisition will positively contribute to Marel's business.
and will grow revenues by 11% and improve EBIT
margin
Leverage will be around 3x EBITDA and stay in line
with the target leverage of 2.0-3.0x EBITDA
Marel can accelerate the growth of Wenger by
leveraging joint product offering, global reach and
digital journey as well as continued investments in the
business
Closing is expected to take place by end of Q2
Closing of the acquisition is subject to customary closing
conditions, including anti-trust and shareholder approval of
Wenger
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WENGER®
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