MAREL ACQUIRES E+V TECHNOLOGY

Under the agreement, Marel has acquired E+V Technology's assets related to their vision equipment and software product portfolio, including carcass- and ribeye-grading and classification, which are highly complementary to Marel's existing solutions.

About E+V Technology
E+V Technology was founded in 1992 and has since then emerged as a leading player in vision systems, catering to the meat and poultry industries. The company’s products are used for the grading and classification of beef, pork, lamb, and poultry and is highly complementary to Marel’s current offering to these key market segments. E+V Technology’s success owes much to its strong team of engineers and programmers and following the transaction, E+V’s 19 employees will be instrumental in driving further progress as part of the wider Marel organization. The company is headquartered in Oranienburg, Germany and annual revenues are above EUR 5 million.

Marel and E+V Technology are stronger together
E+V Technology’s product portfolio of vision equipment and software, including carcass- and ribeye-grading and classification, is a natural fit with Marel’s comprehensive line of solutions to the meat and poultry market segments. With this acquisition, there is a great opportunity to leverage E+V’s long-standing customer relationships and Marel’s global sales and service network to drive further sales of grading and classification solutions, and enhance local service capabilities and the customer-centric experience. Building on E+V’s vision portfolio, Marel intends to drive further innovation and data-driven solutions that transform the way food is processed. The former owners of E+V, Axel Hinz and Horst Eger, will stay with the business.