Imdex said Chardec’s technology offers cost-saving solutions by using electronic instruments to deliver downhole survey data accurately and in a timely manner.

Chardec also develops and manufactures a range of products made by Reflex Instrument, a subsidiary of the Reflex group of companies. Imdex announced in April it proposed to acquire the Reflex group for $A25.4 million.

Imdex shareholders will vote on the Reflex acquisition at a general meeting tomorrow.

“The acquisition of the Reflex and Chardec businesses will further boost Imdex’s vertical integration objectives and increase its market presence as it positions itself as a global supplier of drilling products and services to the resources, energy, quarrying and construction industries,” Imdex said in a statement today.