Valmont buys Israeli ag-tech AI co Prospera for $300m
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...