M&A Deal Summary

Valmont Industries and Ericsson Acquire ConcealFab

On April 27, 2022, Valmont Industries and Ericsson acquired technology hardware company ConcealFab

Acquisition Highlights
  • This is Valmont Industries’ 2nd and Ericsson’s 5th transaction in the Technology Hardware sector.
  • This is Valmont Industries’ 8th and Ericsson’s 16th transaction in the United States.
  • This is Valmont Industries’ 1st and Ericsson’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-04-27
Target ConcealFab
Sector Technology Hardware
Buyer(s) Valmont Industries
Ericsson
Deal Type Add-on Acquisition

Target

ConcealFab

Colorado Springs, Colorado, United States
ConcealFab delivers engineering excellence and partners with OEMs in a highly evolving telecom industry. Today, the company's small cell concealment and interference mitigation products line city streets across America and continue to innovate for the future that 5G technologies will deliver. ConcealFab was formed in 2007 and is based in Colorado Springs, Colorado.

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Buyer(S) 2

Buyer

Valmont Industries

Omaha, Nebraska, United States

Category Company
Founded 1946
Sector Machinery
Employees11,125
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to Valmont Industries' corporate headquarters in Omaha, Nebraska.
Entrance to Valmont Industries' corporate headquarters in Omaha, Nebraska.

Valmont Industries is a provider of engineered products and services for infrastructure and mechanized irrigation equipment for agriculture. Valmont Industries was founded in 1946 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 15 of 16
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (Colorado) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Prospera

Tel Aviv, Israel

Prospera is a developer of machine vision technologies that continuously monitor and analyze plant development, health and stress. Prospera captures multiple layers of climate and visual data from the crop field and provides actionable, easy-to-read insights to growers via mobile and web dashboards. Prospera was founded in 2014 and is based in Tel Aviv, Israel.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 HR Products

Perth, Australia

HR Products is a wholesale supplier of irrigation parts in Australia, expanding the Company’s geographic footprint and growing its parts presence in a key agriculture market. The company manufactures a broad range of irrigation products to serve the agriculture and landscaping industries. HR Products was formed in 1979 and is based in Perth, Australia.

Buy -
Buyer

Ericsson

Stockholm, Sweden

Category Company
Founded 1876
Sector Technology Hardware
Employees97,985
Revenue 263.4B SEK (2023)
DESCRIPTION
Ericsson office in Santa Clara, California.
Ericsson office in Santa Clara, California.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments Networks, Global Services, Support Solutions, and Modems. Ericsson was formed in 1876 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 29 of 29
Sector (Technology Hardware) 5 of 5
Type (Add-on Acquisition) 23 of 23
State (Colorado) 1 of 1
Country (United States) 16 of 16
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Vonage

Holmdel, New Jersey, United States

Vonage is a provider of communications services connecting individuals through cloud-connected devices worldwide. Vonage's technology serves approximately 2.3 million subscribers. Vonage was formed in 2000 and is based in Holmdel, New Jersey.

Buy $6.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses

Stockholm, Sweden

Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses provide IoT connectivity, software and solutions. Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses is based in Stockholm, Sweden.

Sell -