JBT Corporation Acquires Prevenio
July 9, 2021
JBT Corporation agreed to acquire Prevenio (fka CMS Technology) in an all-cash transaction for $170 million. The acquisition brings Prevenio’s food-safety technology and recurring revenue streams into JBT’s FoodTech portfolio and represents an exit for investor WP Global Partners.
- Buyers
- JBT Corporation
- Targets
- Prevenio
- Sellers
- WP Global Partners
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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