Lindsay Corporation Acquires Claude Laval Corporation

  Lindsay Corporation Acquires Claude Laval Corporation

Business Wire

OMAHA, Neb. -- August 16, 2013

Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and
infrastructure products, announced today that it has completed the acquisition
of Claude Laval Corporation, also known as LAKOS® Separators and Filtration
Solutions, in a stock purchase transaction. As a privately-held company based
in Fresno, California, LAKOS has operated for over 40 years, providing
filtration solutions for groundwater, agriculture, industrial and heat
transfer markets, worldwide. LAKOS operates from a 100,000+ square foot
facility in Fresno with approximately 125 employees, and has annual revenues
between $25 and $30 Million.

“Lindsay is excited to announce the acquisition of LAKOS,” stated Rick Parod,
Lindsay’s president and chief executive officer. “This represents a key
strategic addition to the Lindsay Corporation portfolio of companies and is an
important expansion of our 'water use efficiencies' capabilities. LAKOS type
separators are used in water-supply projects we are involved in today and can
be integrated with Lindsay’s Watertronics® pump stations. Additionally, their
media tank filters are used in irrigation applications, recognized for their
quality, throughout the world.”

Parod continued, “While there is a very direct synergy between LAKOS
filtration solutions and our water and irrigation markets, we view this
acquisition as a strategic move to expand our position in the growing
industrial and heat transfer markets. With Lindsay’s capabilities and
financial strength, we are well-positioned to support LAKOS’ continued growth
in those important markets. We are pleased to welcome the management team and
employees of LAKOS to the Lindsay family. We expect the acquisition to be
accretive in fiscal 2014.”

About the Company

Lindsay manufactures and markets irrigation equipment primarily used in
agricultural markets which increase or stabilize crop production while
conserving water, energy, and labor. The Company also manufactures and markets
infrastructure and road safety products under the Lindsay Transportation
Solutions trade name. At June 25, 2013 Lindsay had approximately 12.9 million
shares outstanding, which are traded on the New York Stock Exchange under the
symbol LNN.

For more information regarding Lindsay Corporation, see the Company’s Web site

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 the Company
files with the Securities and Exchange Commission. Forward-looking statements
include information concerning possible or assumed future results of
operations of the Company 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, the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. The Company undertakes no obligation to update any
forward-looking information contained in this press release.


Lindsay Corporation:
Jim Raabe, 402-827-6579
Vice President & Chief Financial Officer
Halliburton Investor Relations:
Hala Elsherbini or Geralyn DeBusk, 972-458-8000
Press spacebar to pause and continue. Press esc to stop.