Marel

Stock performance

History

Marel was founded by researchers at the University of Iceland to develop food-processing technology, initially focused on fish-processing equipment drawing on Iceland's deep expertise in its dominant fishing industry, and grew into a global leader in food-processing machinery for the poultry, meat, and fish industries, listing on both the Nasdaq Iceland and Euronext Amsterdam exchanges.

Business model

Marel designs and manufactures advanced food-processing equipment and software for the poultry, meat, and fish industries, exporting its technology to food producers around the world from its Icelandic engineering and manufacturing base.

Market position

Marel is one of the global leaders in food-processing equipment technology, competing with a small number of other specialized international manufacturers for leadership in advanced poultry, meat, and fish-processing machinery.

Country impact

Marel is one of the most internationally significant technology companies to emerge from Iceland, demonstrating how the country's deep expertise in its historically dominant fishing industry translated into globally competitive advanced manufacturing technology.