Imdex CEO says company well placed to grow

Australia’s Imdex is well positioned for more mining technology M&A, and has an appetite for it, after management showed the course they’re on with organic growth and acquisitions is a good one with FY24 first-half financial results that ticked a lot of boxes.

ASX-listed Imdex reported its best ever half-year EBITDA of A$71 million, up 13% year-on-year, and revenue of $235.3 million, 18.4% higher yoy, with the integrated Devico business it bought last year for $334m (US$230m). The deal won InvestMETS.com’s Global Mining Tech Award for M&A last year.