#United States #Omaha #AgTech #Lindsay Corporation #Pessl Instruments

Lindsay Corporation Expands Its AgTech Portfolio

Lindsay Corporation (NYSE: LNN), a prominent global manufacturer in the field of irrigation and infrastructure technologies, has just completed a significant acquisition that promises to reshape its position in the agricultural sector. On January 6, 2025, Lindsay announced its acquisition of a 49.9% minority interest in Pessl Instruments, an Austria-based company recognized for providing cutting-edge technology solutions. This strategic investment aims to bolster Lindsay's innovation in AgTech, addressing pressing global needs related to food, fuel, and fiber production driven by a growing population.

This partnership is not a new development; it builds on a relationship that has been maturing since May 2023, when the companies first hinted at collaboration. With this acquisition, Lindsay will integrate Pessl’s advanced solutions into its own offerings, allowing farmers worldwide to leverage enhanced tools for crop management. Lindsay's existing platforms, including FieldNET™ and FieldNET Advisor™, will work harmoniously with Pessl's METOS™ weather stations, soil moisture probes, and the comprehensive FieldClimate software. These integrations provide farmers with valuable real-time data — a key advantage for making informed decisions that lead to increased crop health and optimized resource usage.

The sheer scale of Pessl’s operations is impressive, with over one million sensors connected to 100,000 in-field devices worldwide and the support of 50,000 active customers utilizing the FieldClimate interface. This network comprises weather stations, soil moisture probes, insect monitoring systems, and crop monitoring cameras, helping producers gather crucial agronomic insights.

Randy Wood, President and CEO of Lindsay Corporation, expressed the significant potential of this acquisition, stating, "With this investment, Lindsay will strengthen its position as the leading irrigation management and scheduling solution provider in the industry." Wood emphasized that no other company has been able to seamlessly integrate on-farm equipment with field sensors and remote monitoring solutions to offer affordable and scalable products.

On a similar note, Gottfried Pessl, the CEO and Founder of Pessl Instruments, echoed this sentiment, stating, "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 and METOS hardware and software solutions." Their collaboration points towards an exciting future filled with new AI-based products that will be added to Lindsay’s suite of Smart Pivot Solutions.

Furthermore, this acquisition is a strategic move by Lindsay to retain its competitive edge within the agriculture sector, demonstrating a commitment to constant innovation and enhancement of its product offerings. The potential for future growth is evident, as Lindsay not only secures its current market position but opens avenues for further partnership opportunities and technology advancements.

The completion of this acquisition aligns with Lindsay's broader mission to be at the forefront of meeting the agricultural demands of a rapidly changing world. With the increasing focus on sustainable practices and precision agriculture, the tools and insights provided by the partnership with Pessl will afford producers new means of improving productivity while minimizing inputs such as water, fertilizers, and pesticides.

Looking forward, Lindsay Corporation has also retained the option to acquire the remaining shares of Pessl Instruments at a later date, highlighting the long-term vision behind this acquisition. The company’s proactive approach and dedication to innovation can clearly be seen through this calculated investment.

For further details about the advanced solutions provided by Lindsay, interested producers and stakeholders can visit their website at lindsay.com/irrigation.

About Lindsay Corporation

Established in 1955, Lindsay Corporation has carved out a reputation as a leader in irrigation and infrastructure solutions. With a strong focus on research and development, the company's offerings encompass renowned brands such as Zimmatic™, FieldNET™, and FieldWise™ among others, aimed at fulfilling the growing demands of food and fiber production across the globe.

About Pessl Instruments GmbH

With over 40 years in the industry, Pessl Instruments has pioneered the creation of high-quality wireless, solar-powered monitoring systems under the METOS™ brand. Its applications span multiple sectors beyond agriculture, including meteorology and environmental monitoring, making it a versatile player in the tech landscape.

For those interested in cutting-edge AgTech solutions, this acquisition signifies a monumental step towards enhancing productivity and efficiency in farming practices across the globe.