Marel (Iceland) - Marel's acquisition of Valka ehf., an Icelandic provider of advanced processing solutions for the global fish industry, has now been successfully closed. Together, Marel and Valka will be in a stronger position to transform the fish processing industry in partnership with customers.

The transaction was subject to customary closing conditions, including anti-trust approval, that have been fully satisfied as of November 19th 2021.

With the acquisition of Valka, Marel will strengthen its full-line offering to the fish processing industry and increase scale to serve customer needs better. The shared technical knowhow in the combined team will accelerate the innovation roadmap allowing processors to adapt swiftly to a rapidly changing market. There is high potential for Marel to build on 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.

For further information on the Valka transaction, Marel's business model and 2017-2026 growth strategy, please visit our Investor Relation section.