To boost agricultural artificial intelligence, Valmont Industries, Inc. agreed to acquire Prospera Technologies Inc for USD 300 million. Israel-based Prospera Technologies is a leading privately-held AI company, focused on ML and CV in agriculture.
- 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.
- Valmont and Prospera have successfully integrated AI technologies with center pivot irrigation to develop real-time crop analysis and anomaly detection solutions, resulting in strong adoption and greater returns for the grower.
In January 2021, Valley Irrigation, a Valmont company, collaborated with the Republic of Kazakhstan and announced its joint venture with private holding company Kusto Group. The strategic, multi-year project will improve sustainability and resource conservation, introduce advanced farm technology to local farmers in the region, and serve as the foundation for making the country an agricultural hub in Central Asia.
In January 2020, Valmont Industries, Inc. had entered into a definitive agreement to acquire the remaining 49% stake in AgSense for a purchase price of approximately $42 million. Operating results for AgSense have been included in the Companys consolidated financial statements since a 51% stake was acquired in August 2014.
In Aug 2019: Valley Irrigation, The Leader in Precision Irrigation, announced the launch of Valley 365, a new single-source platform for connected crop management. Valley 365 combines the best features of existing Valley technology into one easy-to-use interface for single sign-on access to complete connected crop management. With functionality from key solutions like AgSense®, Valley Scheduling, Valley® Variable Rate Irrigation (VRI) and Valley Insights, it’s a true command center that connects growers to their fields.
About Valmont Industries
Valmont headquartered in Nebraska, the United States, is a global provider of engineered products and irrigation equipment. The company also produces the infrastructure products to support and enrich growing economies. Its irrigation equipment and services aims to improve global farm productivity. The company organized around four segments: Engineered Support Structures, Coatings, Irrigation and Utility Support Structures.
Valmonts products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Valmont operates around 85 manufacturing facility in 22 countries and having business in more than 100 countries. The company has more than 10,800 employees across the world.