If you are lookig for information on the Valmont Industries, you have come to the right place. Here you can find out about the company and the deal they made with the Prospera Technologies. You can read about the terms and the value of the deal.
A brief look at the company’s annual reports will yield a tidbit or two about the company’s various business units and divisions. Amongst these, you’ll find a number of US-based subsidiaries. Most noteworthy of these is Valmont Industries, a plethora of specialized business units and divisions spanning a gamut of infrastructure needs and wants. The company’s motto is to “make things better for its customers, partners and employees” with a singular commitment to customer service. One of the best examples is the recent acqusition of a number of large-scale water management contracts, a feat for which the company is ideally suited.
Prospera Technologies, a leading artificial intelligence (AI) company, is based in the US and Israel. The company provides growers with actionable insights that help maximize crop yields. It also provides innovative, disruptive solutions.
Prospera’s solutions allow growers to remotely manage their fields and increase productivity. Their AI technology is able to monitor plant health, development, and stress in real time. As a result, farmers can improve their farming practices and ensure they have the right amount of water and fertilizer for a successful harvest.
Valmont Industries, the US infrastructure equipment maker, has entered into a definitive agreement to acquire Prospera for $300 million. The transaction is expected to close in the second quarter of 2021.
The partnership between Prospera and Valmont is aimed at enhancing the productivity of agriculture. They will leverage their combined expertise to create the world’s largest vertically integrated AI company in agriculture.
The two companies have also developed real-time crop analysis and anomaly detection solutions. In addition, they plan to install more than 40,000 – 50,000 irrigation systems by the end of the second year. And in the third, they expect to reach more than 100,000.