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Press release content from Business Wire. The AP news staff was not involved in its creation. Valmont Reports Second Quarter 2021 Results and Increases 2021 Full-Year Guidance July 21, 2021 GMT OMAHA, Neb.--(BUSINESS WIRE)--Jul 21, 2021-- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today reported financial results for the second quarter ended June 26, 2021. Second Quarter 2021 Highlights (all metrics compared to Second Quarter 2020 unless otherwise note...

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Aug 31, 2021 to Sep 02, 2021 Valmont Industries has entered into a definitive agreement to acquire Prospera Technologies Inc. The transaction, valued at approximately $300 million, is expected to close in the second quarter of 2021. Valmont is a global provider of engineered products and services for infrastructure and irrigation equipment. Prospera is a privately held Israeli-based artificial intelligence company, focused on machine learning and computer vision in agriculture. Building on accomplishments Since 2019, Valmont and Prospera have integrated AI technologies with center pivot irr...

Prospera's technology helps keep tabs on crops (Courtesy) Valmont Industries, Inc., a US maker of irrigation and infrastructure equipment, said Wednesday it has entered an accord to buy Israel’s Prospera Technologies, a maker of artificial intelligence-based sensors and cameras for monitoring crops, for $300 million. The acquisition is the culmination of a two-year strategic partnership set up between the companies in 2019. The merging of the firms will create the “largest global, vertically-integrated artificial intelligence (AI) company in agriculture,” the companies said in a stateme...

Valmont buys Israeli ag-tech AI co Prospera for $300m The Tel Aviv-based company develops intelligent solutions to help farmers grow crops more efficiently. US agricultural services and irrigation equipment company Valmont Industries Inc. (NYSE: VMI) today announced it has entered into a definitive agreement to acquire Israeli based ag-tech AI company Prospera Technologies for $300 million. The deal is expected to close in the second quarter of 2021. Prospera was founded in 2014 by CEO Daniel Koppel, Shimon Shpiz, and Raviv Itzhaky and since 2019 has been teaming with Valmont on digital and a...