News IMDEX Completes Datarock Acquisition Accelerating Digital Earth Knowledge Expansion

IMDEX previously acquired a 51% interest in Datarock through incremental investments spread between November 2021 and July 2024. The purchase of the remaining equity to take IMDEX’s ownership to 100% was acquired for ~A$31 million, in line with a pre-agreed valuation approach.

Strategic Rationale
Closing this transaction enables the integration of Datarock’s AI-powered geoscience technology with IMDEX’s growing Digital Earth Knowledge (DEK) portfolio, including HUB-IQ™i, aiSIRIS™ii, MinePortal™iii, and Earth Science Analytics’ EarthNETiv platform. Collectively, these offerings create a unified, open ecosystem for earth systems data, delivering value to customers by reducing uncertainty, improving productivity and unlocking greater value from high-quality subsurface data.

Strategic advantages are:

• Enabling a unified earth systems platform: Datarock’s cloud native technology becomes a core strategic asset within IMDEX’s digital ecosystem, strengthening IMDEX’s ability to deliver end-to-end resource workflows that link drilling, geological, geotechnical and operational data – creating a foundation for multi commodity and multi-sector growth.
• Enhanced AI capabilities: Datarock’s mature AI tools, combined with IMDEX’s digital portfolio
  will deliver advanced decision-support solutions for geoscientists and mining professionals.
• Accelerated product development: Full integration enables rapid development and deployment of AI-powered products, leveraging IMDEX’s HUB-IQ™ connected sensors and third-party datasets.
• Expanded market reach: Datarock’s established reputation and customer base complement
  IMDEX’s global footprint, supporting growth in both mining and adjacent resource markets.

Financial Impact

• Full P&L consolidation from 1 February 2026, with 100% of Datarock’s revenue and operating result recognised.
• The remaining equity has been acquired for ~A$31 million bringing IMDEX’s ownership to 100%.
• Datarock’s financial performance for the period to 31 December 2025, together with its expected contribution to the group, will be outlined at IMDEX’s 1H26 results presentation on 23 February 2026.

Paul House, Managing Director and CEO, commented:
“IMDEX has been working closely with Datarock for more than four years and it has been a privilege to be able to combine the vision of its founders with the agility, assets and network of IMDEX to deliver real value for customers. The completion of this acquisition is a defining step in the acceleration of our digital strategy across the mining and adjacent earth science sectors. Datarock’s technology is highly scalable, cloud-native, and AI-enabled - complementing our portfolio alongside Earth Science Analytics and Krux Analytics. Together, these technologies will materially expand our digital offering in FY26 and position it as a primary growth engine for our business. Collectively, these acquisitions are about maximising the use of data for our customers, enabling a wide variety of data enrichment that delivers real business value.”


Liam Webb, Chief Executive Officer, Datarock said:
“Today’s announcement marks the official next step in our partnership. Combining Datarock’s AI geoscience capability with IMDEX’s global expertise allows our teams to collaborate more closely, accelerate product integration, and co‑design solutions with customers. Together, we’ll turn high‑quality subsurface data into faster, more confident decisions across the mining, energy and civil infrastructure value chain.”

View the full announcement here.