ASX-listed IMDEX has moved to full ownership of mining software subsidiary Datarock after paying A$31 million (US$21.5 million) for the 49% it didn’t own.
It accumulated 51% of Datarock from November 2021 to July 2024 and last year reported its sales had climbed 63% in FY2025.
IMDEX last year acquired Norway’s Earth Science Analytics for US$22 million and agreed on a $90 million deal to buy Luxembourg-based Advanced Logic Technology and its US subsidiary Mount Sopris Instruments.
The circa-A$1.9 billion Australian company said integration of Datarock’s AI-powered geoscience technology with its growing “digital earth knowledge portfolio”, including HUB-IQ, aiSIRIS, MinePortal and Earth Science Analytics’ EarthNETiv platform, created “a unified, open ecosystem for earth systems data, delivering value to customers by reducing uncertainty, improving productivity and unlocking greater value from high-quality subsurface data”.
“Datarock’s cloud native technology becomes a core strategic asset within IMDEX’s digital ecosystem, strengthening IMDEX’s ability to deliver end-to-end resource workflows that link drilling, geological, geotechnical and operational data.”
IMDEX CEO Paul House said the company had worked closely with Datarock for more than four years.
Full integration of the companies would “materially expand our digital offering in FY26 and position it as a primary growth engine for our business”.
IMDEX reduced its net debt from A$35 million to $13 million in FY25, “giving us an ample capacity to invest in growth and pursue strategic opportunities as and when they become available”, House said last August.
