04:44 PM EDT, 04/03/2024 (MT Newswires) -- Lindsay (LNN) said Wednesday it agreed to acquire a 49.9% minority interest in Pessl Instruments and has an option to acquire full ownership of the Austria-based farming technology company.

Financial terms weren't disclosed.

Lindsay, an irrigation and infrastructure equipment and technology supplier, said it expects the transaction to close in fiscal H2, subject to closing conditions and regulatory approvals.