Imdex spending A$334M for tech dominance

MINING technology company Imdex has entered into a binding agreement to buy Norway-based firm Devico to complement its drilling technology portfolio for A$334 million (US$230 million), funded by a $353 million capital plan.

Imdex spending A$334M for tech dominance Imdex spending A$334M for tech dominance Imdex spending A$334M for tech dominance Imdex spending A$334M for tech dominance Imdex spending A$334M for tech dominance

Imdex is buying Devico for $334 million.

Imdex chief executive Paul House said the deal would consolidate Imdex's dominance in the mining technology space, adding a portfolio of rock knowledge sensors to complement its existing technology,

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