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.
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Industry Overview
The mining technology sector is poised for significant growth, driven by increasing automation, digital transformation, and a rising demand for sustainable practice
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IMDEX Limited
invested in
Earth Science Analytics
in 2025
in a Buyout deal
Disclosed details
Transaction Size: $17M