Perth-based drilling technology and services firm Imdex' joint venture with DHS Oil Holdings has acquired US-based oil and gas downhole survey provider Vaughn Energy Services in a transaction
The Federal Court has dismissed an appeal by Perth-based drilling fluids firm Imdex, regarding alleged patent infringements by Coretell Pty Ltd and Mincrest Holdings, trading as Camteq.
Drilling fluids and instruments supplier Imdex has announced it will acquire fluids and chemicals manufacturer Australian Drilling Specialties for scrip and cash totalling $12 million.
Drilling services company Imdex has posted significant profit fall for the year ending June 30, which the company attributed to the impact of the global financial crisis and the downturn in mineral exploration.
Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.
Analysts at Hartleys have lowered its full year net profit forecast for Imdex but retained its Buy recommendation on the back of strong potential growth opportunities for the mining services company.
Mining services company Imdex is banking on the oil and gas sector to help it through the mining downturn as it calls off an acquisition deal for Australian Drilling Specialities.
The sale of mining services group Surtron has boosted West Perth-based Imdex Ltd's earnings for the 2008 financial year, jumping by 137 per cent to $32 million.
Drilling services company Imdex Ltd has scaled back its current year forecast revenue by 3 per cent and pre-tax earnings by 7.5 per cent after modifying the pricing strategy of one of its recent acquisitions.
West Perth-based Imdex Ltd has completed its acquisition of Chilean drilling fluids manufacturer and supplier Southernland SA for $US2.5 million in cash and scrip, (under $A2.8 million), the company has announced.
West Perth-based Imdex Ltd has signed an agreement with Sweden-based Sandvik Mining and Construction for the distribution of its down hole instrumentation and drilling fluids and chemicals, the company has announced.
West Perth-based drilling products company Imdex Ltd is back on the acquisition trail, has finalised its $3.5 million payment to fully acquire Canada-based drilling fluid based system manufacturer Poly-Drill Drilling Systems Ltd.
West Perth-based drilling products company Imdex Ltd has settled its agreement to acquire a 75 per cent stake in Kazakhstan-based Suay Energy Services for the equivalent of $460,000, the company announced today.
West Perth-based drilling products company Imdex Ltd has announced the conditions of its $22 million acquisition of privately-owned Swedish borehole survey systems supplier Flexit AB and Flexit Navigation AB.
Perth-based drilling products company Imdex Ltd has recorded a net profit after tax of $6 million for the first half of the financial year, an increase of 88 per cent on the previous period.
Perth-based drilling products company Imdex Ltd today announced the terms of a definitive agreement for its $25.4 million acquisition of the Sweden-owned Reflex group of companies.
West Perth-based company Imdex Ltd has taken another major step in its strategy to become a major global player in the drilling products and services market by entering into a $17 million agreement to acquire UK-based Chardec Consultants Ltd.
