Imdex signs distribution deal with Sandvik

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.

The full text of a company announcement is pasted below

Imdex Limited (Imdex)(ASX Code: IMD) is pleased to announce that it has executed a major global distribution agreement with Sandvik Mining and Construction, a division of the Sandvik Group (www.sandvik.com) for the supply of down hole instrumentation and drilling fluids & chemicals.

This distribution agreement will generate significant revenue over a number of years and augments the strategy of ensuring Imdex becomes a significant global company in providing products and services to the mineral, energy, water well and civil industries.

Sandvik is a world-leading provider of equipment and solutions for mineral exploration, underground mining, surface mining and specific areas of the construction industry such as quarrying and tunneling. Today, Sandvik Mining and Construction employs over 12,000 employees in 130 countries.

The alliance agreement is also further evidence of Imdex's market leading technology, particularly in the down hole instrumentation area. The acquisitions of Reflex, Chardec and Flexit and a commitment to ongoing research and development will further add to Imdex's market leadership in technology for the minerals, energy, water well and civil industries globally.