Baker McKenzie Austria has advised Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, on the acquisition of a minority interest (49.9%) in Austria-based Pessl Instruments GmbH with an option to acquire the remainder of the share interest in the company at a later date.

With its interest in Pessl Instruments, Lindsay acquires a stake in a leading global provider of advanced agricultural technology solutions with its headquarters in Austria and subsidiaries in 17 countries. The investment, which builds on an existing strategic partnership, will further strengthen both Lindsay’s and Pessl’s leadership positions in key global markets.

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 Baker McKenzie team included lawyers from the Firm’s Vienna, Washington DC, Chicago, Paris, Sao Paolo, Amsterdam, Singapore and Rome offices and was led by Vienna-based Counsel Claudia Fochtmann-Tischler. “It was a pleasure supporting Lindsay in this multi-faceted cross-border transaction that enables Lindsay to gain a strategic stake in Pessl Instruments“, said Claudia Fochtmann-Tischler, Counsel in the Corporate / M&A practice group.