Bernie Ridgeway

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Shares in mining equipment supplier Imdex have jumped 8.3 per cent today after the company announced a half-year profit of $10.6 million, with revenue up 28 per cent on the corresponding period last year.

Mining equipment company Imdex has attributed a big jump in revenue for the 2018 financial year to improved market conditions in the resources sector and growing interest in the company’s technology offerings.

Mining equipment supplier Imdex has extended its option to purchase New Zealand company Flexidrill and its patented technologies to the end of 2019.

Mining equipment supplier Imdex has announced a half-year profit of $13.5 million, compared with $10.6 million in the corresponding period last year.

Mining technology supplier Imdex has announced the forthcoming retirement of its managing director Bernie Ridgeway after delivering record revenue and higher earnings for the 2019 financial year.

The number of long-serving chief executives at WA listed companies is shrinking rapidly. We look at recent retirements by several 'veteran' CEOs and a small group of individuals who have lasted more than 10 years.

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

Bernie Ridgeway led Imdex out of tough circumstances two decades ago and has undertaken more than 20 acquisitions since.

A local medtech focused on the early detection of heart disease has sought $40 million through an IPO, which will in part be used to fund the development and commercialisation of its software.

Local medtech Artrya has listed on the stock exchange, having earlier raised $40 million through an IPO to help commercialise its cardiac imaging software.

A Perth-based artificial intelligence healthcare company has appointed a US health technology expert to its board.

Medical technology company Artrya Limited has appointed experienced executive Mathew Regan as the company’s new leader after its co-founder John Barrington resigned.