Omaha, NE - Valmont Industries, Inc. (NYSE: VMI), a leading global provider of
engineered products and services for infrastructure and mechanized irrigation equipment for
agriculture, announced today that it has acquired a majority interest in South Dakota-based
AgSense (www.agsense.net). The acquisition further extends Valmont’s industry-leading
offerings in remote monitoring and control technology for agriculture.
AgSense’s cutting-edge, global WagNet network provides growers with a more complete
view of their entire farming operation by tying irrigation decision making to field, crop, and
weather conditions.
“We are pleased to have entered this long-term partnership,” said Leonard Adams, Group
President of Valmont’s Global Irrigation Division. “Growers increasingly seek to utilize data
driven technology to increase yields and maximize water efficiency. The cutting-edge approach
AgSense takes to providing technologies that our customers desire, their passion for customer
service, and their outstanding reputation fit perfectly with Valmont’s strategy. Combining
AgSense with our industry-leading BaseStation™ products will deliver the most comprehensive
line of integrated solutions available to the market.”
AgSense President Terry Schiltz said the similarities in customer-focused values led to
the creation of this strategic alignment.
“We are very excited about this partnership with
Valmont,” Schiltz said. “Partnering with the recognized market leader not only enhances our
strong position in North America, but will provide opportunities to accelerate our growth
internationally.”
Valmont is a global leader, designing and manufacturing highly engineered products that
support global infrastructure development and agricultural productivity. Its products for
infrastructure serve highway, transportation, wireless communication, electric transmission, and
industrial construction and energy markets. Its mechanized irrigation equipment for large scale
agriculture improves farm productivity while conserving fresh water resources. In addition,
Valmont provides coatings services that protect against corrosion and improve the service lives
of steel and other metal products.
This release contains forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on management's current
views and estimates and are subject to uncertainty and changes in circumstances. Future
economic and market circumstances, industry conditions, Company performance and financial
results, operating efficiencies, availability and price of raw materials, availability and market
acceptance of new products, product pricing, domestic and international competitive
environment, actions and policy changes of domestic and international governments and other
risks described from time to time in Valmont's reports to the Securities and Exchange
Commission are examples of factors, among others, that could cause results to differ materially
from those described in the forward-looking statement. The Company cautions that any forwardlooking
statement included in this press release is made as of the date of this press release and
the Company does not undertake to update any forward-looking statement.