Imdex to acquire Devico for $324 million

Imdex (ASX:IMD) has entered into a binding agreement to acquire global mining-tech company Devico for an implied enterprise value of $324 million. Devico is headquartered in Trondheim, Norway, and specializes in sensor and directional drilling technologies.

“The proposed acquisition of Devico is consistent with Imdex's growth strategy and is a logical next step”mining.com.au

• 1 source
• mining.com.auImdex enters into binding agreement to acquire global mining-tech company Devico for $324 million - Mining.com.auAdam OrlandoJan 20, 2023

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