Imdex's (ASX:IMD) acquisition of Advanced Logic Technology and its Mount Sopris Instruments appears to deepen their platform to a wider variety of data sources, according to a Monday Jefferies note.
The company on Monday said it entered into binding agreements to acquire Advanced Logic Technology and its Mount Sopris Instruments unit for 55.8 million euros.
The deal appears to deepen their platform to a wider variety of data sources, to a wider set of artificial intelligence and analytic tools and ultimately, to selling their capabilities into a broader set of customer sectors, the note added.
The investment firm now expects fiscal 2026 earnings per share of AU$0.12 on revenue of AU$496 million.
Jefferies kept a hold rating on IMD and raised its price target to AU$3.55 from AU$3.30.
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