Lindsay completed the acquisition of 49.9% stake in Pessl Instruments.

Lindsay, a global manufacturer and distributor of irrigation and infrastructure equipment, completed the acquisition of 49.9% stake in Pessl Instruments, a provider of advanced agricultural technology solutions. Financial terms were not disclosed. "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," Randy Wood, Lindsay President and CEO.