JBT Corporation, a global technology solutions provider to the food processing and air transportation industries, has signed a definitive agreement to acquire the shares of A&B Process Systems, a provider of processing systems for the beverage and food industries. The purchase price will be USD 102M, before customary post-closing adjustments. A&B, located in Stratford, Wisconsin, specializes in the design, manufacturing, automation and installation of liquid foods production systems. The addition of A&B’s processing capabilities and technologies, along with JBT’s recently acquired Stork Food & Dairy Systems, will expand JBT’s liquid foods portfolio. A&B brings a large field service operation that will contribute to JBT’s installation and aftermarket business. At the same time, JBT will leverage its global sales network to expand the geographic reach of A&B’s portfolio, currently limited to the United States and Canada.