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Intelligent Monitoring Group Limited (ASX:IMB)

ALERT: Price-sensitive ASX Announcement for IMB
Current share price for IMB : $0.600 0.06 (11.11%)+
Announcement
Release
2 Jul 2026 8:54AM
Price at Release
$0.540
Full Release
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Summary
Intelligent Monitoring Group Limited (IMG) has entered into a binding agreement to acquire ADT's residential security business in the UK from Johnson Controls International plc for GBP £180 million. This acquisition will significantly increase IMG's presence in the UK market, adding over 160,000 customers and substantially boosting recurring revenue by 205%. The acquisition is expected to be earnings accretive, increasing IMG’s pro forma annualized EBITDA to $130 million and delivering a pro forma EPS uplift of approximately 40%. The transaction will be financed through a combination of cash, consideration shares, and a new debt facility provided by Ares Capital Corporation. Completion of the acquisition is expected in the first half of 2027, subject to customary conditions including regulatory and IMG shareholder approvals.
Key Points
  • IMG to acquire ADT UK Residential for GBP £180 million.
  • Acquisition increases IMG's recurring revenue by 205%.
  • Expected to increase EBITDA to $130 million.
  • Transaction funded by a new $448m Unitranche facility.
  • Completion expected in 1H2027, subject to approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.