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Valmont And Ericsson Close Acquisition Of Concealfab

Jun 01, 2022•over 3 years ago

Acquiring Company

Ericsson

Acquired Company

ConcealFab

KistaOmahaTelecommunicationsMobileMechanical Or Industrial EngineeringFarmingFinancial ServicesNatural ResourcesInformation Technology

Description

Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced the closing of its previously-announced agreement to acquire a majority interest in ConcealFab, an industry leader in 5G infrastructure and passive intermodulation (PIM) mitigation solutions. Ericsson, a global leader in 5G technology, has also reinvested their ConcealFab equity and holds a minority position in ConcealFab.

Company Information

Company

Ericsson

Location

Kista, Stockholms län, Sweden

About

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world.

Company

Valmont

Location

15000 Valmont Plz

Omaha, Nebraska, United States

About

Valmont is here to modernize vital infrastructure and increase agricultural productivity, sustainably and reliably. We galvanize steel to last a century with minimal environmental impact. We modernize irrigation to feed a growing population by utilizing the latest technology. We harden the electrical grid to enable the delivery of reliable power to millions of homes around the world. And we help make communities everywhere safer, cleaner and more connected through our smart infrastructure technology.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed