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acquisition

December 5, 2019

IMDEX expands technology offering with Flexidrill acquisition

New Drilling Productivity technologies deliver a step-change to the global minerals industry. Leading global mining-tech company IMDEX has exercised its option to acquire New Zealand-based Flexidrill in a deal that strengthens IMDEX’s market position and delivers advanced new drilling technology to clients. IMDEX obtained an exclusive option to acquire Flexidrill in January 2018, which enabled further development and extensive testing of its patent-protect technologies COREVIBE™ and MAGHAMMER™. These unique technologies will offer substantial drilling productivity benefits and improved safety for IMDEX clients globally. There is strong industry demand for greater productivity – from drilling contractors and resource companies – and […]