IMDEX in binding agreement to acquire competitor Devico

IMDEX has entered a binding agreement to acquire its main competitor, Devico AS, in a A$324 million deal that will reinforce its market-leading position in mining technology and deliver increased market penetration.

IMDEX in binding agreement to acquire competitor Devico IMDEX in binding agreement to acquire competitor Devico IMDEX in binding agreement to acquire competitor Devico IMDEX in binding agreement to acquire competitor Devico IMDEX in binding agreement to acquire competitor Devico

Devico, the manufacturer of surveying systems, such as the Overshot Xpress, is set to be acquired by competitor IMDEX

The proposed acquisition of Norwegian-based Devico, a leading provider of advanced sensors and the leader in directional drilling technologies, is expected to be completed by late February.