Lindsay Announces Agreement to Acquire a Minority Interest in Pessl Instruments
Lindsay Corporation (LNN)
Last lindsay corporation earnings: 4/7 06:45 am
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Source: Business Wire
Strategic investment builds on previously announced partnership and will enhance Lindsay’s and Pessl’s leading technology solutions for agricultural producers around the globe OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), 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. This investment by Lindsay comes less than a year after the two companies had initially entered into a strategic partnership,
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News
- Lindsay Upgrades FieldNET Advisor™ to Improve Irrigation Management [Yahoo! Finance]Yahoo! Finance
- Lindsay Upgrades FieldNET Advisor™ to Improve Irrigation ManagementPR Newswire
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- Lindsay Co. (NYSE: LNN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
LNN
Earnings
- 4/4/24 - Beat
LNN
Sec Filings
- 4/4/24 - Form 10-Q
- 4/4/24 - Form 8-K
- LNN's page on the SEC website