Lindsay Announces Acquisition of FieldWise
31 Julho 2023 - 5:05PM
Business Wire
Acquisition expands Lindsay’s suite of
technology solutions and increases the number of connected
devices
Lindsay Corporation (NYSE: LNN), a leading global manufacturer
and distributor of irrigation and infrastructure equipment and
technology, has acquired FieldWise, LLC, a market leader in
agricultural technology products with a focus on
subscription-based, precision irrigation solutions.
Founded in 2008 and headquartered in Norfolk, Nebraska,
FieldWise® specializes in providing agricultural producers and
their trusted service providers with innovative solutions. These
solutions enable the remote monitoring and intelligent control of
critical assets around their farm or ranch. With an emphasis on
mechanized irrigation applications, FieldWise is focused on helping
growers improve the productivity, efficiency and profitability of
their operations.
The addition of FieldWise will expand and strengthen Lindsay’s
position in smart irrigation and other AgTech markets. Through this
acquisition, Lindsay will now be the force propelling two
market-leading solutions and serving an even broader customer base
through a greatly expanded distribution network. FieldWise will
continue to operate independently and remain the trusted choice for
non-Zimmatic irrigation solution providers around the world, while
Lindsay’s FieldNET® brand will continue to be the remote irrigation
management solution sold through Lindsay’s global network of
Zimmatic® dealers.
“FieldWise is an ideal fit for Lindsay. Their capabilities and
values align perfectly with our mission to strategically grow and
deliver powerful, irrigation technology solutions that conserve
natural resources, enhance quality of life and expand our world's
potential. The addition of FieldWise advances Lindsay’s technology
leadership position in the market and will allow Lindsay to serve
an even broader set of customers and service providers globally,
which also opens new markets and channels for growth,” said Randy
Wood, President and CEO of Lindsay Corporation. “The FieldWise team
has shown an impressive ability to rapidly innovate in response to
the evolving needs of their customers, and they have gained the
trust of thousands of growers and irrigation service providers
around the world. Today, we are proud to welcome their incredible
team into the Lindsay family and look forward to supporting them as
they continue to serve and grow their global customer base.”
“FieldWise is excited to become part of Lindsay Corporation and
contribute to the Company’s strategic mission,” said Brian
Klawinski, President and CEO of FieldWise. “We are confident our
uncompromising focus on putting customers’ needs first will
continue as we grow with Lindsay, leveraging their additional
resources and best-in-class capabilities. FieldWise will continue
to operate independently and retain our employees, our valued brand
name, product offerings, and operations at our Norfolk, Nebraska
location.” Klawinski concluded, “We remain focused on delivering an
exceptional customer experience, while serving the needs, and
continuing to earn the trust, of our distribution partners and
growers around the world.”
For more information about FieldWise technology, contact a local
dealer or visit www.Field-Wise.com. For more information about
FieldNET technology, contact a local Zimmatic dealer or visit
www.MyFieldNET.com.
About Lindsay Corporation
Lindsay Corporation (NYSE: LNN) is a leading global manufacturer
and distributor of irrigation and infrastructure equipment and
technology. Established in 1955, the company has been at the
forefront of research and development of innovative solutions to
meet the food, fuel, fiber and transportation needs of the world’s
rapidly growing population. The Lindsay family of irrigation brands
includes Zimmatic® center pivot and lateral move agricultural
irrigation systems, FieldNET® remote irrigation management and
scheduling technology, and industrial IoT solutions. Also a global
leader in the transportation industry, Lindsay Transportation
Solutions manufactures equipment to improve road safety and keep
traffic moving on the world’s roads, bridges and tunnels, through
the Barrier Systems®, Road Zipper® and Snoline™ brands. For more
information about Lindsay Corporation, visit www.Lindsay.com.
FieldNET, FieldNET Advisor, FieldWise, Zimmatic, Barrier
Systems, Road Zipper and Snoline are trademarks or registered
trademarks of Lindsay Corporation and/or its affiliates.
Concerning Forward-Looking Statements
This release contains forward-looking statements that are
subject to risks and uncertainties, and which reflect management's
current beliefs and estimates of future economic circumstances,
industry conditions, company performance, and financial results.
You can find a discussion of many of these risks and uncertainties
in the annual, quarterly and current reports that Lindsay
Corporation files with the Securities and Exchange Commission.
Forward-looking statements include information concerning possible
or assumed future results of operations and those statements
preceded by, followed by or including the words "anticipate,"
"estimate," "believe," "intend," "expect," "outlook," "could,"
"may," "should," "will," or similar expressions. For these
statements, Lindsay Corporation claims the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Lindsay Corporation
undertakes no obligation to update any forward-looking information
contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731347074/en/
Alicia Pfeifer, Senior Director, Investor Relations &
Treasury, Lindsay Corporation | +1 (402) 933-6429 or
Alicia.Pfeifer@Lindsay.com
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