Elvinger Hoss Prussen advised IMDEX Limited, a leading global mining technology company that develops drilling optimization products and data solutions for the mining industry, on the acquisition of Advanced Logic Technology (ALT) and its subsidiary Mount Sopris Instrument Company, Inc. (MSI).
ALT is a Luxembourg-based global leader in high-performance downhole rock property sensor systems and geoscience data processing software, anchored by the industry standard WellCAD software package. ALT holds a majority stake in MSI, a US-based leading developer of downhole rock property sensors, deployment and telemetry systems. As part of the transaction, IMDEX will acquire, through ALT, the remaining shares of MSI from the current MSI minority shareholders. Completion of the transaction is subject to customary closing conditions.
The team was led by Partner Pit Reckinger and included Senior Associate Ben Reckinger and Associates Raquel Gonzalez Urbano and Yann Bausch (all Corporate/M&A). Partner Pierre Elvinger, Senior Associates Anny Delgado Freitas and Filipe Vilas Boas and Associate Diana Morais assisted on employment matters. Counsel Emmanuèle De Dampierre, Senior Associate Anthony Favier, and Associate Paola Cardile assisted on IP/IT and data protection matters. Partner Michel Nickels and Associate Léopold Kirgo assisted on real estate matters. Partner Katrien Veranneman and Associate Jean-Pierre Roemen assisted on foreign direct investment matters.
