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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sat., Apr. 27, 3:14 PM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

Slide #24. Valmont Industries, Inc. DS SM A/S

Acquirer: Valmont Industries, Inc. (NYSE:VMI)
Acquiree: DS SM A/S
Details: 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 privately-held DS SM A/S, a market leader in Northern Europe for the manufacture of heavy complex steel structures for a diverse range of industries including wind energy, offshore oil and gas, and electricity transmission. The Company, which will be renamed Valmont SM A/S, and will be reported in Valmont's Engineered Infrastructures Products Segment, has annual sales of approximately $190 million and operates two manufacturing locations in Denmark. The enterprise was valued at DKK 800 million (approximately $148 million) and DS SM's operating characteristics are similar to Valmont's other businesses within the Engineered Infrastructure Products Segment. Valmont expects the acquisition to be accretive to 2014 earnings.

Valmont Industries produces products and services for infrastructure and agriculture markets. Co.'s segments are: Engineered Support Structures, which designs, engineers, and manufactures steel, aluminum, wood and composite poles and structures for lighting and highway transportation applications; Utility Support Structures, which engineers and manufactures steel, pre-stressed concrete, composite and hybrid structures; Coating, which adds finishes to metals that inhibit corrosion, extend service lives and enhance the aesthetics of materials and products; and Irrigation, which manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.

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Company Name:  Valmont Industries Inc
Stock buyback:  VMI buyback
Website:  www.valmont.com
Sector:  Construction Materials & Machinery
Number of ETFs Holding VMI:  62
Total Market Value Held by ETFs:  $800.10M
Total Market Capitalization:  $4.30B
% of Market Cap. Held by ETFs:  18.61%
 

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April 27, 2024    3:14 PM Eastern
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Strong Buy (3.50 out of 4)
55th percentile
(ranked higher than approx. 55% of all stocks covered)

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