IMDEX to buy ALT and Mount Sopris in €55.8 mln deal to expand subsurface tech
PERTH – Australia’s IMDEX Ltd (ASX:IMD) said on Monday it will acquire Luxembourg-based Advanced Logic Technology (ALT) and its U.S. subsidiary Mount Sopris Instruments (MSI) for €55.8 million (A$98.9 million), strengthening its position in earth science sensors and geoscience software. The deal, funded through cash reserves and existing debt facilities, is expected to close in…