Imdex Limited entered into binding agreement to acquire Advanced Logic Technology from Jean Luc Deltombe, Annick Henriette and others for ?75.8 million.
Imdex Limited (ASX:IMD) entered into binding agreement to acquire Advanced Logic Technology from Jean Luc Deltombe, Annick Henriette and others for ?75.8 million on December 1, 2025. A consideration of ?55.8 million will be paid by Imdex Limited. Imdex Limited will pay an earnout/contingent payment of ?20 million cash. As part of consideration, ?75.8 million is paid towards common equity of Advanced Logic Technology. The acquisition will be funded from IMDEX?s cash reserves and existing debt facility. Imdex Limited will acquire Advanced Logic Technology and its subsidiary Mount Sopris Instruments Inc.
Advanced Logic Technology had a revenue of ?15.79 million in 2024.
The transaction is subject to customary closing conditions, including foreign investment approval in Luxembourg, and is expected to close within the third quarter of financial year 2026.
Elvinger, Hoss & Prussen acted as legal advisor for Imdex Limited. Gilbert and Tobin acted as legal advisor for Imdex Limited. Davis Graham & Stubbs LLP acted as legal advisor for Imdex Limited. Matt Moran, Mehdi Sribi and Paolo Pomodoro of PwC acted as financial advisor for Advanced Logic Technology. Tim Doll of Vertumnus acted as legal advisor for Advanced Logic Technology.
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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Imdex Limited entered into binding agreement to acquire Advanced Logic Technology from Jean Luc Deltombe, Annick Henriette and others for ?75.8 million.
