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Valmont, Ericsson Acquire ConcealFab to Accelerate Growth and Innovation in Global Telecom Market.

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Vincent

MANews-(C)2009-2022

US-based agricultural productivity technology provider Valmont Industries, Inc. (NYSE: VMI) has signed a definitive agreement to acquire a majority interest in Colorado, US-based 5G infrastructure and passive intermodulation mitigation solutions specialist ConcealFab, the company said.

Swedish telecommunications company Ericsson (NASDAQ: ERIC) will reinvest their ConcealFab equity and hold a minority position in the new company.

The strategic partnership with Ericsson to acquire ConcealFab aligns Valmont with a provider of innovative 5G infrastructure and PIM mitigation solutions.

Founded in 2007 in Colorado Springs, CO., ConcealFab has partnerships with wireless operators, utilities, and major OEMs.

Valmont's Telecom strategy is focused on three key objectives: providing vital end-to-end infrastructure products, spreading inclusive connectivity by investing in strategic partnerships, and expanding its manufacturing footprint globally.

The joint acquisition brings...

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