Project Type: Sell-Side Representation
Client: Pessl Instruments GmbH
Region: Austria / United States
Description: Lindsay Corporation (NYSE LNN) acquires minority stake in Pessl Instruments
Investment Highlights:
The acquisition allows private equity shareholders of Pessl to exit while bringing new capital and strategic partnership to Pessl's growth
Strategic investment and network from Lindsay will help Pessl grow in North America while brining technology and new revenue opportunities to Lindsay.
Lindsay benefits from Pessl's one million sensors connected to 100,000 in-field data collection devices globally, with 50,000 active customers using its FieldClimate online interface.
Lindsay acquires option to purchase remaining interest in Pessl at future date
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