LONDON: Weir Group, a global leader in mining technology, has entered into a binding agreement to acquire the remaining 50% share of its Chile-based joint venture ESCO Elecmetal Fundición Limitada (ESEL), a manufacturer of high-quality ground engaging tools, for a sterling equivalent purchase price of £56m (US$75m). The acquisition will strengthen Weir’s direct market channels…
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…
SYDNEY – Volt Group Ltd (ASX: VPR) said on Wednesday it will acquire Perth-based 4D Delta Pty Ltd, a profitable provider of digital asset inspection and condition monitoring technologies, in a deal valued at A$7.25 million. The acquisition, comprising equal parts cash and Volt shares, is expected to transform Volt into a more diversified technology-enabled…
LONDON: UK engineering firm Weir Group PLC said on Tuesday it has finalized the acquisition of Fast2 Mine Tecnologia e Desenvolvimento de Sistemas Ltda, a Brazilian provider of mine management software, expanding its footprint in South America’s mining technology market. The deal, first announced on Sept. 23, 2025, will see Fast2Mine integrated into Weir’s Micromine…
Group revenue rose 3% year-over-year to A$431 million, while reported EBITDA surged 15% to A$130 million PERTH: Mining technology firm IMDEX Ltd. reported resilient earnings and a record fourth-quarter revenue performance for the fiscal year ended June 30, 2025, underscoring its strategic pivot toward digital growth and high-margin technologies. Group revenue rose 3% year-over-year to…
SYDNEY: IMDEX Ltd. (ASX: IMD) has acquired Norway-based Earth Science Analytics AS (ESA), the mining tech firm said Monday, in a deal aimed at accelerating its digital strategy and expanding its AI-powered geoscience capabilities across mineral and energy sectors. IMDEX will pay A$26 million for an 80.5% equity stake in ESA, with the remaining shares…