Lewis Silkin advises NYSE listed JBT Corporation on its acquisition of AutoCoding Systems for $17M
02 March 2021
Lewis Silkin has advised JBT Corporation, a NYSE listed global technology solutions provider to high-value segments of the food and beverage industry, on its acquisition of Autocoding Systems, a leading provider of software solutions for the automated set-up and control of end-of-line packaging devices
AutoCoding extends JBT’s capabilities in packaging line equipment and associated devices, including coding and label inspection and verification. The company is headquartered near Runcorn, U.K., with additional operations in the U.S. and Australia, and generates approximately $7 million in annual revenue.
AutoCoding’s central command software solution integrates and automates the use of in-line packaging devices, such as coders, scanners, labelers and checkweighers reducing manual inspection and downtime for line configuration. While AutoCoding is scalable across JBT FoodTech’s diverse end markets, it provides a particularly strategic fit with JBT’s Proseal business where its tray sealing equipment begins the end-of-line process.
The Lewis Silkin team was led by corporate partner, Geraint Tilsley, with support from corporate associate, Georgina Fraser.
Commenting on the deal, Geraint Tilsley said:
“It was a pleasure advising JBT Corporation on this acquisition, which enables JBT to expand their capabilities in the large and growing global market for in-line coding and inspection solutions. Lewis Silkin’s expertise in the technology and engineering sectors helped to ensure the deal went through seamlessly”.