IMDEX has signed binding agreements to acquire 100% of Advanced Logic Technology (ALT) and its subsidiary, Mount Sopris Instruments (MSI), for a combined upfront consideration of €55.8 million (A$98.9 million).
The transaction is set to deepen IMDEX’s position in earth knowledge sensors and subsurface intelligence by bringing ALT’s high-performance downhole rock property sensor systems and its industry-standard WellCAD software into IMDEX’s digital earth solutions suite.
The transaction will:
- Broaden IMDEX’s sensor portfolio with complementary industry-leading optical and acoustic televiewer, plus a suite of complementary rock property sensors.
- Broaden IMDEX's digital portfolio by integrating industry standard WellCAD software with IMDEX digital solutions to deliver a single unified platform that drives recurring digital revenue and empowers faster, smarter decisions.
- Substantially increase the volume of orebody knowledge obtainable for customers, meeting the rising industry demand for a richer characterisation of rocks using downhole data collection.
- Expand IMDEX’s offerings in adjacent earth systems markets, including infrastructure, civil, environmental, groundwater and energy, using the ALT global channel partner network.
“The acquisition of ALT and MSI is a transformative step, strengthening our position as a global leader in digital earth knowledge and subsurface intelligence.
By integrating ALT’s world-class sensors and WellCAD software package, and MSI’s market-leading borehole geophysical equipment with IMDEX’s ecosystem, we are uniquely positioned to deliver value to our customers across the mining, civil, and energy sectors," IMDEX managing director and CEO Paul House said.
"Once again, the ability to combine world class technologies and deep global client networks presents substantial growth synergies, benefiting customers and shareholders both. This transaction accelerates our strategy to provide a unified, open platform for earth systems data, supporting smarter, faster decision-making. We look forward to welcoming ALT and MSI to IMDEX and working with them closely over the coming months.”
Portfolio expansion
Founded in 1993, ALT specialises in rock property sensor systems and geoscience data processing, while MSI, established in 1951, designs and manufactures downhole sensors, deployment equipment and telemetry systems.
IMDEX said the acquisition will broaden its sensor and digital technology portfolios, enhance orebody knowledge for clients, and support expansion into adjacent markets including infrastructure, civil engineering, environmental, groundwater and energy sectors.
Completion of the acquisition is expected in the third quarter of FY26.