Key Takeaways:
- Lindsay Corporation (NYSE: LNN) completed the acquisition of a 49.9% minority stake in Austria-based Pessl Instruments.
- The investment strengthens Lindsay’s position as a leader in irrigation management and AgTech innovation.
- Growers benefit from the integration of Lindsay’s FieldNET™ and FieldNET Advisor™ platforms with Pessl’s METOS™ weather stations, soil moisture probes, and FieldClimate software.
- Pessl supports over 50,000 active customers globally with more than one million connected sensors.
- Lindsay retains the option to acquire the remainder of Pessl at a later date.
What Is the Significance of Lindsay’s Investment in Pessl Instruments?
Lindsay Corporation (Profile), a global manufacturer and distributor of irrigation and infrastructure technology, announced the completion of its acquisition of a 49.9% stake in Pessl Instruments. This move enhances Lindsay’s ability to drive innovation in AgTech, addressing the growing global demand for food, fuel, and fiber.
The investment builds upon a strategic partnership established in May 2023, aimed at delivering advanced agronomic solutions to producers worldwide.
How Does the Lindsay-Pessl Partnership Benefit Growers?
The integration of Lindsay’s FieldNET™ and FieldNET Advisor™ platforms with Pessl’s METOS™ hardware and FieldClimate software offers growers:
- Enhanced irrigation management
- Advanced weather monitoring and soil analysis
- Data-driven decision-making to optimize water, fertilizer, and pesticide usage
By leveraging these tools, producers can improve yields, reduce resource waste, and promote healthier crop growth.
What Role Does Pessl Play in Global AgTech?
Pessl Instruments provides cutting-edge technology solutions through its network of 100,000 in-field devices and one million connected sensors. The company’s offerings include:
- Weather stations
- Soil moisture probes
- Insect monitoring traps
- Crop monitoring cameras
- Machine and asset trackers
These tools deliver key agronomic insights that empower growers to make informed decisions.
What Are the Future Plans for Lindsay and Pessl?
Lindsay retains the option to acquire the remaining stake in Pessl Instruments at a future date. This partnership aligns with Lindsay’s broader strategy to develop AI-driven Smart Pivot Solutions and expand its suite of precision agriculture tools.
Randy Wood, President and CEO of Lindsay, highlighted the collaboration’s potential, stating, “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.”
Gottfried Pessl, CEO and Founder of Pessl Instruments, added, “We are honored to be part of the Lindsay team. We are excited to continue innovating and providing producers with advanced tools that enhance productivity and efficiency.”
