Omaha, Nev. — Valmont Industries has announced that it has entered into a definitive agreement to acquire the remaining 49% stake in AgSense for a purchase price of approximately $42 million.
The acquisition is expected to close later this month and will be funded with cash on hand. Operating results for AgSense have been included in the company’s consolidated financial statements since a 51% stake was acquired in August 2014. The transaction will not impact revenue or operating income but will be EPS accretive in fiscal 2020, primarily from a change in earnings attributable to non-controlling interests.
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