An agreement has been reached that Marel acquires over 90% of the share capital of Valka, and the remaining shareholders will be offered to sell their shares at the same terms. The transaction is subject to customary closing conditions, including anti-trust approval and is expected to be completed later this year.
Two innovative companies join forces to continue transforming fish processing
Valka and Marel have a shared vision to develop innovative state-of-the-art solutions in close partnership with their customers, transforming the way food is processed in a sustainable way. This transaction will strengthen Marel’s full-line offering to the fish processing industry and increase scale to serve customer needs better. The shared technical know-how in the combined team will accelerate the innovation roadmap allowing processors to adapt swiftly to a rapidly changing market. The companies see great potential for Valka’s products and technology in other protein industries. Together the companies will be in a key position to reach customers worldwide by leveraging Marel’s global sales and service network in over 30 countries, ensuring proximity to customers for sales, installation and aftermarket services.
Helgi Hjálmarsson, Valka’s founder and CEO, will take on the role of Director of Solution Integrity within Marel.
“The establishment of Valka in 2003 was a big step for me after nine excellent years in Marel where I worked on many innovative projects. By joining Marel you could say we are moving back home because both companies share the same vision and passion for developing high-tech processing solutions that transform the way fish is processed in a sustainable way.
Our combined product offering will make us stronger together and even better at providing full-line solutions for our customers. I look forward to starting presenting those solutions to our current and new customers that we can service even better now with Marel’s extensive global sales and service network. I am also really excited to start working on transferring Valka’s technology over to other industries where we see great opportunities. I am confident that by joining Marel, we are creating a winning team that is well equipped for greater success.
Guðbjörg Heiða Guðmundsdóttir is the Executive Vice President Marel Fish
“We are excited to join forces with Valka, an innovative provider of advanced processing solutions for the fish industry. Valka is technologically very strong and has good insight into market needs.
Together the companies will build on the best of both, increase scale, accelerate innovation and strengthen our combined offering to continue to provide our customers with best-in-class processing solutions in the growing food processing industry”