Tower fabricator Valmont Industries (NYSE: VMI) acquired the operational assets of camouflage tower manufacturer Larson Camouflage. The company expects that fiscal 2019 revenue from the acquisition will range between $18 million and $22 million, and expects earnings per share accretion of approximately $0.07.
Located in Tucson, AZ, Larson says it pioneered the wireless concealment industry by developing and building the first monopine camouflaged cellular tower.
“The addition of Larson Camouflage concealment solutions to our portfolio is an exciting advancement of our growth strategy in the wireless communication market,” said Valmont President/CEO Stephen Kaniewski. “5G implementation demands more network densification, leading to growth in macro sites and small cell deployments. Proximity to urban areas will require innovative concealment solutions to enhance the visual appeal of small cell applications. Combining Larson’s creative solutions with our global manufacturing footprint, sales team, and customer base allows us to provide an integrated concealment solution to wireless communication customers around the world,” Kaniewski said. Comments? Email Us.
January 4, 2019