Lindsay Buys Minority Interest in Pessl to Boost AgTech Portfolio

Lindsay Corporation (LNN) announced that it completed its previously announced deal to acquire a 49.9% minority interest in Pessl Instruments GmbH. This move will enhance LNN's position as an irrigation management and scheduling solution provider in the industry.Details on Lindsay-Pessl Instruments DealLindsay inked a deal with Pessl on April 3, 2024, to acquire 49.9% minority interests with the option to purchase the remaining shares at a later date. In May 2023, the companies initially formed a collaborat ...