The Toro Company (NYSE: TTC) today announced a strategic minority equity investment in GreenSight Agronomics, a Boston-based provider of automated, agronomic intelligence technologies for turfgrass and agricultural markets. Terms of the transaction were not disclosed.
“As the golf industry expands its efforts to improve play and more efficiently use water, the application and advancement of technology will play a vital role,” said Philip Burkart, vice president of The Toro Company’s Irrigation and Lighting Businesses. “We are intrigued and see great potential to align with GreenSight Agronomics to apply their technologies and analytics with our water management expertise to further provide our customers with the best solutions. We look forward to working with the GreenSight team on ways to integrate their technologies into our Lynx Central Control system, with the intent of expanding the capabilities and access to timely course information so customers can address problems quickly and more precisely.”
GreenSight Agronomics is a leader in turfgrass remote sensing and analysis. The company’s patent-pending system, which combines automated drones and sensors, provides thermal mapping and detection analytics to help golf course professionals improve turf health with less labor. The technology enables customers to identify issues before they become visible, and achieve better outcomes with less water, fertilizer and pesticide use.
“GreenSight is redefining precision agriculture by packaging automated drones, custom sensors and machine learning into a turn-key service. We are excited to partner with The Toro Company to deliver customers the ultimate in irrigation management technology for golf courses and beyond,” added James Peverill, CEO of GreenSight Agronomics.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf maintenance, snow and ice management, landscape, rental and speciality construction equipment, and irrigation and outdoor lighting solutions. With sales of $2.5 billion in fiscal 2017, Toro’s global presence extends to more than 125 countries. Through constant innovation and caring relationships built on trust and integrity, Toro and its family of brands have built a legacy of excellence by helping customers care for golf courses, sports fields, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.
About GreenSight Agronomics
GreenSight Agronomics, founded in 2015 by former defense contractor executives and engineers, is developing the next generation agricultural intelligence platform. Combining autonomy, custom sensors, and machine learning-based data analytics technology; GreenSight delivers actionable alerts on soil moisture, pest stress, and nutrient deficiency to land managers. GreenSight is the leader in turfgrass remote sensing, providing daily monitoring services at top golf courses, top agrochemical company test sites, and to specialty agriculture. To learn more, visit www.greensightag.com.
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