Acquisition will help drive significant ag tech investment and innovation.
January 6, 2025
Lindsay Corp., a manufacturer and distributor of irrigation and infrastructure equipment and technology, announced that it has completed its acquisition of a 49.9% minority interest in Austria-based 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 ag tech and address the food, fuel and fiber demands of the world’s growing population.
The strategic partnership between Lindsay and Pessl has evolved and progressed since it was announced in May 2023, with the integration providing an advantage in the form of advanced agronomic solutions for producers utilizing Lindsay’s FieldNET and FieldNET Advisor remote irrigation management platforms, in conjunction with Pessl’s METOS weather stations, soil moisture probes and data-driven FieldClimate software, according to the news release. By combining these 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.
Pessl boasts more than 1 million sensors connected to 100,000 in-field data collection devices globally, with 50,000 active customers using its FieldClimate online interface, the announcement said. These connected devices include weather stations, soil moisture probes, insect monitoring traps, crop monitoring cameras, soil and nutrient sampling, machine and asset trackers that provide key agronomic health indicators.
Lindsay president and chief executive officer Randy Wood said the investment strengthens the company’s position as a leading irrigation management and scheduling solution provider and gives Lindsay an “unmatched 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.”
“We are honored to be part of the Lindsay team,” Pessl Instruments CEO and founder Gottfried Pessl said. “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 METOS hardware and software solutions. We are excited to continue to drive innovation in ag tech and provide producers with advanced tools to enhance their productivity and efficiency.”
Lindsay previously announced the agreement to make this investment on April 3, 2024, which was subject to customary closing conditions including regulatory approvals. Lindsay also has an option to acquire the remainder of Pessl at a later date.
Established in 1955, Lindsay is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology that 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 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. In the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels.
For more than 40 years, Pessl has been offering tools for informed decision-making with a complete range of wireless, solar-powered monitoring systems under the METOS brand and its FieldClimate online platform. These can be used 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.
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