The Toro Company acquired Turf Guard wireless monitoring technology (JLH Labs, LLC) for Not disclosed (within Toro's ~$7.56 million aggregate fiscal 2008 acquisitions). The deal was a Asset purchase.
Turf Guard wireless monitoring technology (JLH Labs, LLC) operates in Professional (golf & grounds), is based in United States. During fiscal 2008 Toro purchased the Turf Guard wireless soil-monitoring technology from JLH Labs, LLC, a specialist in wireless soil monitoring. The Turf Guard system measures soil moisture, salinity and temperature through buried wireless sensors that report to an internet server for web-based presentation. The purchase price was not disclosed individually; Toro's total fiscal 2008 acquisitions aggregated about $7.56 million ($4.43M cash + $3.13M long-term notes). Exact closing date within fiscal 2008 (Nov 2007-Oct 2008) is not disclosed, so no timeline date is asserted.
Turf Guard gave Toro a sensor-based precision turf-management technology for golf and sports-field customers.
Golf & grounds / precision turf technology
Advisory firms were not disclosed for this transaction.