Valmont Industries (VMI) to Acquire Prospera Technologies

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Valmont to Acquire Prospera Technologies, Global Leader in Agricultural Artificial Intelligence & Machine Learning

May 5, 2021 8:03 AM EDT

Culmination of a two-year strategic partnership established in 2019

Creates the largest global, vertically-integrated artificial intelligence (AI) company in agriculture

Aligns with technology-enabled growth strategy centered on software products and IoT; adds substantial talent in machine learning (ML), computer vision (CV), agronomy, and data science

Strengthens and expands total addressable market, enabling future growth through subscription-based data analytics and insights

OMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE:... More