We are Marel

In partnership with our customers, we are transforming the way food is processed. Our vision is of a world where quality food is produced sustainably and affordably.

Marel is a leading global provider of advanced processing equipment, systems, software and services to the food processing industry. Established in 1983, we have around 8,000 employees and a presence in more than 30 countries across six continents. We are listed on Nasdaq Iceland and Euronext Amsterdam, and in 2022 we delivered EUR 1.7 billion in revenues, with 40% coming from aftermarket.

We collaborate with customers and partners to develop products that set new benchmarks in food processing. Utilizing cutting edge technologies such as robotics, data-driven solutions, automation and advanced software, we empower food processors to increase yield and throughput, ensure food safety and traceability, improve sustainability and ultimately create value for their businesses.

Transforming the future of food processing would not be possible without our customers, investors, suppliers, employees and partners all around the world. Our extensive global reach and local presence in all regions help us build strong long-term partnerships as a provider of solutions, software and services. With expertise across multiple industries and our Service team always ready to help, our customers thrive.

In these ways and more, we support the production of safe, affordable food, establish confidence and trust with consumers and help build a sustainable future for our planet.

Our core values summarize what we stand for. They represent our way of working, showcasing the ideals that are important to each and every employee. We connect our values to everything we do.

Our teams build on the knowledge, expertise and decades of experience accumulated across the company to serve our four key business segments: Poultry, Meat, Fish and the newly established segment Plant, Pet and Feed. Our worldwide reach, innovative product offerings and digital solutions are key differentiating factors in supporting our customers and being a trusted maintenance partner.

Our presence across geographies and multiple protein segments reduces cyclicality and exposure to market demand fluctuations. Marel has a diverse and loyal customer base, ranging from global blue-chip food processors and supermarket chains to smaller startups. We have low customer concentration with no customer accounting for more than 5% of total annual revenues.

Marel is committed to developing industry-leading technology in partnership with our customers.

Annually, we invest approximately 6% of revenues in research and development, which translated to EUR 98 million in 2022. This enables us to create transformative solutions for the food processing industry, securing our competitive advantage and delivering organic growth to the company.

Our drive for innovation is evident in the 33 new solutions we brought to market in 2022 alone. With each stride we take, we create a more seamless operating flow with equipment and digital solutions that boost production capacity and efficiency.

We take great pride in embedding sustainability in everything we do. Since 2017, sustainability has been integrated into our requirements for all new product development, meaning that all our solutions are designed to maximize yield and minimize the use of resources such as energy and water. Our digital products, for instance, play a crucial role in enabling green reporting and reducing food waste.

These efforts not only create long-term value for our customers, but also help to align their operations with environmental principles. By emphasizing sustainable innovation in one of the world’s most important value chains—the food value chain—we are an enabler for change in how our industry can have a positive impact on sustainability as a whole.

Being a responsible corporate citizen is fundamental to our business. In line with this, we are proud to share that we have:

• Set a defined path to becoming net-zero by 2040
• Had our emission targets validated by the Science-Based Targets initiative (SBTi) to meet the goals of the Paris Agreement
• Incorporated environmental, social and governance (ESG) criteria into the short-term incentive plans for management remuneration and around a quarter of our employees
• Taken significant steps on our climate-related disclosure (TCFD) journey
• Implemented a more robust governance structure around sustainability related issues

To support Marel’s long-term commitment, we launched a five-year sustainability program in 2021 and began implementation in 2022. The program aims to steer both Marel and the industry onto a more sustainable path. The program is fully aligned with our 2026 growth plan and sets ambitious environmental, social and governance targets.