Marel Food Hf.

www.marel.com

Sector: Process Automation / Robotics

Country: Iceland

Investment Year: 2009

About

Marel’s three industry sectors combine the knowledge, expertise and decades of experience accumulated across the company in each of the core industries it serves – poultry, meat and fish.

The company has built its reputation on innovating, developing and supplying high-quality robots and services to food processing companies.

By taking an innovative, high-tech approach this has placed Marel in the forefront of the food processing equipment industry. As a leader in the field, the company provides advanced food processing robots, systems, software and services for the fish, meat and poultry industries around the world. The business model is based on maintaining a good balance between our industry sectors, business mix and geographical operations.

Investment Thesis

Bought while in the middle of the Icelandic financial turmoil in 2009, our position has gone up more than 17 times through a combination of organic growth and well-timed acquisitions. Marel (stock ticker: MAREL.AS) was floated on the Amsterdam stock exchange in 2019. The company has ample growth potential driven by growing its innovative IP portfolio, its progress in robotic automation and a fragmented industry, which provides acquisition opportunities.