IMDEX Restricted has introduced plans to amass Norway-based Earth Science Analytics AS (ESA) as a part of the continued growth of its digital orebody information capabilities throughout a number of assets markets.
This transaction will allow IMDEX to coordinate capabilities from current choices reminiscent of Datarock, aiSIRIS and Mineportal into ESA’s EarthNET platform, facilitating the creation of an open platform for all earth methods and delivering enhanced AI-enabled geoscience options for patrons, it says. It additionally strengthens IMDEX’s Pre-Drill Intelligence via seismic and multi-physics capabilities that complement IMDEX’s drilling and core farm applied sciences.
IMDEX will initially purchase a 80.5% controlling fairness curiosity for A$26 million ($17 million), with the remaining minority shareholding acquired after 4 years. The transaction is anticipated to shut by the top of August 2025.
Based in 2016, ESA has developed EarthNET, a cloud-based, AI-driven geoscience platform. EarthNET permits ingestion and integration of huge datasets (pre-drilling geophysical surveys, drill gap sensor information, core farm picture information, sensor information, and laboratory information) to allow the appliance of machine-learning fashions throughout such datasets in a cloud-agnostic setting. Whereas ESA’s present providing primarily serves the power sector, its platform is extremely transferable throughout all earth science datasets and has a monitor file of reworking industrial information into real-life enterprise worth, IMDEX says, with productiveness metrics reminiscent of:
- >90% discount in interpretation time for geophysical information, altering cycle instances from weeks to hours; and
- >95% accuracy in rock property prediction accuracy by utilizing AI fashions educated on quality-controlled information.
ESA’s expertise is, IMDEX says, at an important inflection level, having been via its growth section and now in early market adoption with oil and gasoline majors and nationwide oil firms. Combining with IMDEX’s digital portfolio will help ESA rising its current buyer base within the power sector in addition to speed up growth of the EarthNET platform into the minerals and mining market.
Paul Home, Managing Director and CEO of IMDEX, stated: “This acquisition is a defining step within the acceleration of our digital technique throughout a number of finish markets. By integrating ESA’s expertise and EarthNET platform with IMDEX’s current capabilities, we’re considerably lowering time-to-market for our orebody information options. EarthNET is a foundational expertise – extremely scalable,
cloud-native and AI-enabled – that enhances our portfolio alongside Datarock and Krux. Mixed, these platforms will materially broaden our digital providing within the 2026 monetary 12 months and place it as a major development engine for our enterprise.
“Collectively these acquisitions are about maximising the usage of the information for our clients that we’ve collected through our HUB-IQ related sensors that may finally facilitate all kinds of knowledge enrichment that advantages our clients.”
