Lindsay acquisition news – Lindsay Further Enhances Portfolio, Completes Acquisition of Minority Interest in Pessl Instruments

The investment in Pessl, a global provider of advanced technology solutions, helps advance Lindsay’s efforts to drive significant investment and innovation in AgTech and address the food, fuel, and fiber demands of the world’s growing population.

Read also - Alstin Capital funding news – Munich-based Alstin Capital has Secured €175 Million in Funding

The strategic partnership between Lindsay and Pessl has evolved and progressed since it was announced in May 2023, and producers are gaining significant advantage from the integration. Growers utilizing Lindsay’s award-winning FieldNET™ and FieldNET Advisor™ remote irrigation management platforms, in conjunction with Pessl’s METOS™ weather stations, soil moisture probes, and data-driven FieldClimate software, benefit from advanced agronomic solutions.

By combining these innovative tools, producers worldwide have access to a vast array of data points from in-field sensors, enabling them to make informed decisions that promote healthy crops, optimize inputs like water, fertilizer, and pesticides, and achieve higher yields.

Randy Wood, Lindsay President and CEO said, “With this investment, Lindsay will strengthen its position as the leading irrigation management and scheduling solution provider in the industry, No other company has the same ability to connect on-farm equipment, in-field sensors and remote sensing assets to provide producers with affordable and scalable solutions. We are excited about the incredible potential that our investment in Pessl brings, as we continue to collaborate on the development of new AI-based products to add to our suite of Smart Pivot Solutions.”

Pessl boasts more than one million sensors connected to 100,000 in-field data collection devices globally, with 50,000 active customers using its FieldClimate online interface. These connected devices include weather stations, soil moisture probes, insect monitoring traps, crop monitoring cameras, soil and nutrient sampling, machine and asset trackers, providing key agronomic health indicators.

Gottfried Pessl, Chief Executive Officer and Founder of Pessl Instruments said, “We are honored to be part of the Lindsay team. We will work to connect with producers worldwide and demonstrate how they can leverage the combined potential of FieldNET, the most robust and fully vertically integrated water management platform in the industry, and METOSTM hardware and software solutions, We are excited to continue to drive innovation in AgTech and provide producers with advanced tools to enhance their productivity and efficiency.”

Lindsay’s agreement to make this investment was previously announced on April 3, 2024, and was subject to customary closing conditions including regulatory approvals. As previously disclosed, Lindsay also has an option to acquire the remainder of Pessl at a later date.

About Lindsay Corporation

Lindsay Corporation is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions.

About Pessl Instruments GmbH

For more than 40 years, Pessl has been offering tools for informed decision-making. A complete range of wireless, solar powered monitoring systems under the METOS™ brand, and an online platform FieldClimate are applicable in all climate zones, in more than 25 languages and can be used in various industries and for various purposes – from agriculture to research, hydrology, meteorology, flood warning, snow removal, sports turf, smart city and many more.