Lindsay Corporation Acquires Elecsys Corporation
January 23, 2015
Lindsay Corporation (NYSE: LNN) completed the acquisition of Elecsys Corporation (NASDAQ: ESYS) on January 23, 2015, paying $17.50 per share in cash. Elecsys — a provider of machine-to-machine (M2M) technology and custom electronic systems headquartered in Olathe, Kansas — will continue to be operated by its existing management and will support Lindsay's strategy to expand advanced water-management and M2M capabilities.
- Buyers
- Lindsay Corporation
- Targets
- Elecsys Corporation
- Sellers
- Elecsys shareholders
- Industry
- Manufacturing
- Location
- Kansas, United States
- Transaction Type
- Buyout
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