Imdex Limited (ASX:IMD) agreed to acquire 80.50% stake in Earth Science Analytics AS from from non-employee shareholders for approximately NOK 170 million on July 28, 2025. The transaction will be financed through Funded via IMDEX?s existing debt facility. The Remaining 19.5% stake in Earth Science Analytics AS to be acquired from founders after four years via a put and call structure with a minimum payment of NOK 46.7 million (AUD 7 million) and Potential uplift in payment based on performance over the four years.
The expected completion of the transaction is by the end of August 2025.
Aabø-Evensen & Co Advokatfirma AS is acting as legal advisor to IMDEX on the transaction. Advokatfirmaet Schjodt AS is acting as legal advisor to Earth Science Analytics AS.
Imdex Limited (ASX:IMD) completed the acquisition of 80.50% stake in Earth Science Analytics AS from from non-employee shareholders on August 27, 2025.
IMDEX Limited is an Australia-based global mining-tech company. The Companyâs product offering includes an integrated range of drilling optimization products, cloud connected rock knowledge sensors and data and analytics. Its geographical segments include Americas, Asia Pacific, and Africa/Europe. The Companyâs solutions include software, mining technology, drilling optimization, downhole navigation, structural geology, in-field geo-analysis, and driller operable geophysics. Its brands include AMC and REFLEX technologies. Its products include IMDEXHUB-IQ, IMDEX MOBILE, AMC BORE HOLE STABILISER, IMDEX MUD AID, AMC BOS, AMC SRU Range. Its drilling fluid range include cement & grouting additives, clay & shale stabilizers, drilling fluids equipment, filtrate control agents, flocculants & dispersants, foaming agents & detergents, lost circulation materials, lubricants & cutting oils, specialty products & chemicals, treating chemicals, viscosifiers, and weighting materials.
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