IMDEX

Mount Sopris Instruments and its parent company Advanced Logic Technology have entered into a binding agreement for IMDEX Limited to acquire 100% of their shares. The deal combines geophysical equipment, borehole imaging, and mining technology.

IMDEX agreed to acquire 100% of Advanced Logic Technology (ALT) and its subsidiary Mount Sopris Instruments (MSI). ALT is based in Luxembourg and MSI in Denver, Colorado.

IMDEX Limited has announced plans to acquire Norway-based Earth Science Analytics AS.

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.

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.