74 LAWYER MONTHLY JUNE 2024 Lindsay Corporation Takes a Stake in Pessl Instrument About the Deal Lindsay Corporation has acquired a minority stake of 49.95% in Austrian measurement technology specialist Pessl Instruments. This deal leaves the option open to acquire the remaining share at a later date and was an investment built from an existing strategic partnership. Swiss Financial investor, Mountain Cleantech CO-invest as well as another minority shareholder sold to Lindsay Corporation. Pessl systems are used in agriculture as well as an online platform, FliedClimate which can be used in all climate zones. The application can range to research, hydrology and meteorology to flood warnings. The company’s headquarters are in Austris with subsidiaries in 17 other countries. Grant Thornton provided legal counsel to Lindsay Corporation. www.grantthornton.at Transaction Interview Legal Advisor to Lindsay Corporation:
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