Australia's Imdex gains on $64.7 million buyout of Luxembourg firm

Imdex

01/12/2025 24:51

** Shares of Imdex IMD.AX rise as much as 4.8% to A$3.595, highest since November 13

** Mining tech firm to acquire Luxembourg-based Advanced Logic Technology and its unit for A$98.9 million ($64.71 million)

** Deal expected to close within the Q3 of 2026 - co

** IMD currently up 1.2%, bringing YTD gains to 49.6%

($1 = 1.5284 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))