Jbt corporation announces definitive agreement to sell its aerotech business

Chicago--(business wire)--jbt corporation (nyse: jbt) today announced that it has entered into a definitive agreement to sell its aerotech business to oshkosh corporation (nyse: osk) in an all-cash transaction valued at $800 million, subject to customary post-closing items. “as we signaled during our investor day in march of 2022, the divestiture of aerotech supports our strategy to become a pure-play food and beverage solutions provider,” said brian deck, president and chief executive officer.
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