IMDEX to acquire Devico for A$334 million

IMDEX has entered a binding agreement to acquire Norway-based Devico AS, a provider of advanced sensors and directional drilling technologies, for A$334 million ($230 million). The deal is expected to close by late February 2023.

“Devico's flagship facility in Trondheim will become a key asset for IMDEX – providing us a new innovation and manufacturing hub for the European market.”im-mining.com

• 1 source
• im-mining.comIMDEX aims for directional drilling leadership with Devico acquisition - International MiningDaniel GleesonJan 19, 2023

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