IMDEX Limited is acquiring an 80.5% stake in Earth Science Analytics, enhancing its AI-driven mining technology offerings and international market presence.

Target Company Overview

On 28 July 2025, IMDEX Limited, an Australian listed company, announced its acquisition of Earth Science Analytics (ESA), a Norwegian company specializing in AI software. IMDEX will initially acquire an 80.5% controlling interest for NOK 173 million, with plans to purchase the remaining minority stake after a period of four years.

ESA is known for its innovative solutions that leverage artificial intelligence to streamline and accelerate digital processes in subsurface workflows. Central to its offerings is EarthNET.ai, a cloud-native platform designed for comprehensive analysis and insight generation throughout the subsurface workflow. The company operates out of Norway and Greece, enhancing its appeal within the European market.

Industry Overview

The mining technology sector is poised for significant growth, driven by increasing automation, digital transformation, and a rising demand for sustainable practice

View Source

Similar Deals

Norvestor IX SCSp Norautron

2025

Buyout Advanced Electronic Equipment Norway
Norvestor Nova I SCSp PSA Solutions AS

2025

Buyout Enterprise Software Norway
Main Capital Partners Xait

2025

Buyout Enterprise Software Norway
KKR Visma Holding

2023

Buyout Enterprise Software Norway
Insight Venture Management LLC Kabal Holding AS

2023

Buyout Enterprise Software Norway
Rydoo Semine AS

2023

Buyout Financial Technology (Fintech) (NEC) Norway

IMDEX Limited

invested in

Earth Science Analytics

in 2025

in a Buyout deal

Disclosed details

Transaction Size: $17M

Deal Parameters
Industry
Country
Seller type

Sign Up to Dealert