JBT Company Acquires AutoCoding Techniques Ltd, a Main Supplier of Label Inspection and Verification Software program Options


CHICAGO, March 1, 2021 / PRNewswire / – JBT Company (NYSE: JBT), a worldwide supplier of expertise options for prime worth segments of the meals and beverage business, at present introduced that it has acquired AutoCoding Techniques Ltd., a number one supplier of software program options for configuration and automatic management of end-of-line packaging gadgets. AutoCoding extends the capabilities of JBT in packaging line tools and associated gadgets, together with coding and label inspection and verification. The corporate is headquartered close by Runcorn, United Kingdom, with further operations in america and Australia, and generates about $ 7 million in annual turnover.

AutoCoding’s central management software program resolution integrates and automates the usage of inline packaging gadgets, comparable to encoders, scanners, labellers and checkweighers, decreasing handbook inspection and downtime for line configuration. Whereas AutoCoding is scalable in JBT FoodTech’s numerous finish markets, it presents a very strategic match with JBT’s Proseal enterprise the place its tray sealing tools begins the end-of-line course of.

“AutoCoding’s providing embodies JBT’s broader mission of constructing higher use of treasured world assets by offering an answer that dramatically improves the success of our prospects. AutoCoding helps prospects cut back meals waste, guarantee full and correct meals packaging data, and facilitate traceability and meals security, “talked about Brian Deck, President and CEO of JBT. “This acquisition additionally expands our capabilities within the giant and rising world marketplace for inline coding and inspection options, which incorporates {hardware} and software program for patrons within the meals, pharmaceutical and nutraceutical industries.”

The acquisition value was round $ 17 million, earlier than the same old post-closing changes. After transaction prices and the popularity of the acquisition value related to the acquisition, the transaction is anticipated to have a unfavourable affect of roughly $ 0.01 at $ 0.02 in 2021.

JBT Company (NYSE: JBT) is a number one world supplier of expertise options for prime worth segments of the meals and beverage business, specializing in protein, liquid meals and automatic system options. JBT designs, produces and companies subtle merchandise and techniques for multinational and regional prospects by way of its FoodTech section. JBT additionally sells vital tools and companies to home and worldwide air transport prospects by way of its AeroTech section. JBT Company employs roughly 6,200 individuals worldwide and operates gross sales, service, manufacturing and provide operations in additional than 25 nations. For extra data, please go to www.jbtc.com.

This press launch accommodates forward-looking statements as outlined within the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are non-historical data and are topic to dangers and uncertainties that are past the management of JBT. Ahead-looking statements embrace, amongst different issues, statements referring to the anticipated affect of the COVID-19 pandemic on our enterprise and working outcomes, our plans to mitigate the affect of the pandemic, our future monetary efficiency, our plans strategic, restructuring plans and value financial savings anticipated from these plans and our liquidity. These dangers and uncertainties embrace, however will not be restricted to: the length of the COVID-19 pandemic and the consequences of the pandemic on our capacity to function our companies and services, our prospects, our provide chains and the financial system. usually; fluctuations in our monetary outcomes; unexpected delays or acceleration of our gross sales cycles; deteriorating financial situations; disruptions in political, regulatory, financial and social situations within the nations during which we do enterprise; modifications in commerce laws, quotas, duties or tariffs; dangers related to present and future acquisitions; the consequences of the UK’s exit from the EU; fluctuations in alternate charges; problem in implementing our enterprise methods; improve in vitality or uncooked materials costs and availability of uncooked supplies; modifications in meals consumption patterns; the consequences of pandemic illnesses, foodborne sicknesses and illnesses on numerous agricultural merchandise; climate situations and pure disasters; the affect of local weather change and environmental safety initiatives; dangers associated to company social duty; our capacity to adjust to the legal guidelines and laws governing our contracts with the US authorities; acts of terrorism or battle; termination or lack of main buyer contracts and the dangers related to mounted value contracts; buyer procurement initiatives; competitors and innovation in our industries; our capacity to develop and introduce new or improved services and products and to maintain tempo with technological developments; problem in growing, preserving and defending our mental property or defending claims of infringement; catastrophic losses at certainly one of our services and enterprise continuity of our data techniques; cybersecurity dangers; the lack of key administration and different workers; potential legal responsibility arising from the set up or use of our techniques; our capacity to adjust to US and worldwide legal guidelines governing our operations and industries; will increase in tax money owed; work stoppages; fluctuations in rates of interest and returns on pension belongings; availability and entry to monetary and different assets; and different elements described underneath the headings “Danger Components” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” within the Firm’s newest annual report on Kind 10-Okay filed by JBT with the Securities and Alternate Fee. As well as, lots of our dangers and uncertainties are at the moment magnified by the COVID-19 pandemic and can proceed to be. Given the very fluid nature of the COVID-19 pandemic, it’s not attainable to foretell all of those dangers and uncertainties. JBT cautions shareholders and potential traders that precise outcomes could differ materially from these proven in forward-looking statements. JBT assumes no obligation to publicly replace or revise forward-looking statements, whether or not on account of new data, future developments, subsequent occasions or modifications in circumstances or in any other case.

Traders and media:

Megan Rattigan

+1 312 861 6048

SOURCE JBT Company

Associated hyperlinks

http://www.jbtc.com


Supply hyperlink

There is no more story.
Next UK-EU commerce deal: 6 takeaways for companies

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *