VMI - Mergers and acquisitions

Valmont to Acquire a Majority Interest; Expects Transaction to be Immediately Accretive Ericsson increases its ownership in ConcealFab Establishes an Innovative 5G Infrastructure Business in Partnership with Ericsson to Accelerate Telecom Growth Valmont Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that it has signed a definitive agreement to acquire a majority interest in Colorado-based ConcealFab, an industry leader in 5G infrastructure and passive intermodulation (PIM) mitigation solutions. Ericsson, a global leader in 5G technology, will reinvest t

OMAHA, Neb.--(BUSINESS WIRE)--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 fourth quarter and fiscal year ended December 26, 2020. Fourth Quarter 2020 Highlights (all metrics compared to Fourth Quarter 2019 unless otherwise noted) Net Sales of $798.4 million increased 16.8% led primarily by significantly higher sales in Irrigation and Utility Support Structures Operating Income of $54.1 million, or 6.8% of sales ($68.8 million or 8.6% of sales adjusted1) compared to $50.8 million or 7.4% of sales