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Imdex Ltd ( (AU:IMD) ) has provided an announcement.
IMDEX Ltd has announced the acquisition of Advanced Logic Technology S.A. and its subsidiary, Mount Sopris Instruments Inc, for €55.8 million. This acquisition significantly expands IMDEX’s capabilities in earth science sensors and software, integrating industry-leading technologies like WellCAD software and borehole geophysical equipment. The transaction is expected to enhance IMDEX’s market position and customer offerings, driving growth in mining and adjacent markets. Financially, the acquisition is projected to be earnings per share accretive in the first full fiscal year and contribute significantly to revenue and EBITDA.
The most recent analyst rating on (AU:IMD) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
More about Imdex Ltd
IMDEX Ltd is a company operating in the earth science industry, focusing on providing advanced sensor and software solutions for subsurface intelligence. The company aims to enhance geological interpretation and decision-making through high-resolution data, catering to sectors such as mining, civil, and energy.
YTD Price Performance: 49.07%
Average Trading Volume: 1,269,800
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.76B
See more data about IMD stock on TipRanks’ Stock Analysis page.