Breakdown of Lindsay Announcement to Acquire a Minority Interest in Pessl Instruments
Breakdown of Lindsay Announcement to Acquire a Minority Interest in Pessl Instruments
Index:
Overview
About Pessl
About Lindsay
Deal Rationale
Final Thoughts
Overview
Lindsay Announces Agreement to Acquire a Minority Interest in Pessl Instruments - Business Wire
Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it has agreed to acquire a 49.9 percent minority interest in Austria-based Pessl Instruments GmbH, with an option to acquire the remainder of the company at a later date.
Pessl is a leading global provider of advanced agricultural technology solutions under the METOS® brand and offers IoT hardware and software tools for informed decision-making, including field monitoring systems with a wide array of agronomic data points that inform Lindsay’s award-winning FieldNET® remote irrigation management platform.
The investment announcement from Lindsay comes less than a year after the two companies had initially entered into a strategic partnership, announced in May of 2023. It also comes less than a year after Lindsay acquired FieldWise, a remote irrigation monitoring and control company.
About Pessl
Pessl was founded in 1984 and is best known for it’s sensors and IoT devices, including weather stations, remote field monitoring solutions, insect monitoring solution along with a host of other devices:
Pessl also has software that they describe as being able to deliver the following (thanks to their connected sensors):
Weather forecast & monitoring, Soil moisture monitoring, Plant Disease modelling, Insect monitoring
Work planning tools, including:
Plant Nutrition
Field accessibility
Tillage ability
Sowing window
Plant protection
Harvest window
Yield Prediction
Accumulator tools
Degree days, Chilling units, Rain sum
According to the Pessl website they connect to many major software platforms including, xarvio, John Deere Operations Centre, Microsoft Azure and others:
FieldClimate is one of the first and worldwide web platforms specifically designed for collecting-analyzing, and displaying agronomic, meteorological, soil, insect and tracking data from the farm, field or environment.
Pessl is widely used, operating in over 85 countries.