M&A Deal Summary

Valmont Industries and Telefonaktiebolaget LM Ericsson Acquires CFG Systems

On April 27, 2022, Valmont Industries, Inc. and Telefonaktiebolaget LM Ericsson acquired technology hardware company CFG Systems, Inc.

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

M&A Deal Summary

Date 2022-04-27
Target CFG Systems, Inc.
Sector Technology Hardware
Buyer(s) Valmont Industries, Inc.
Telefonaktiebolaget LM Ericsson
Deal Type Add-on Acquisition

Target

CFG Systems, Inc.

Colorado Springs, Colorado, United States
website
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, Inc.

Omaha, Nebraska, United States

website


Category Company
Founded 1946
SectorMachinery
Employees10,844
Revenue 2.9B USD (2020)
DESCRIPTION
Valmont Industries' corporate headquarters in Omaha, Nebraska.
Valmont Industries' corporate headquarters in Omaha, Nebraska.

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


DEAL STATS #
Overall 15 of 15
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 12 of 12
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 Technologies, Inc.

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
Buyer

Telefonaktiebolaget LM Ericsson

Stockholm, Sweden

website


Category Company
Founded 1876
SectorTechnology Hardware
Employees101,624
Revenue 232.3B SEK (2020)
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) 24 of 24
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 Holdings Corp.

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