Intelligent Monitoring Completes Acquisition Of Alarm Assets Group

Intelligent Monitoring Group Ltd (ASX:IMB) (IMG) has completed the acquisition of Australian security services provider AAG (Alarm Assets Group).

Western Australia based AAG offers services including CCTV, alarm and covert camera installation and maintenance.

Acquisitions to add value

IMG has acquired AAG and another security service provider, ACG, which provides automated control systems and IP CCTV, amongst others.

Watch: Intelligent Monitoring Group MD Dennison Hambling Talks JustStocks Video Through Highly Accretive New Acquisitions

IMG has paid a combined A$15.9 million in cash consideration for the acquisitions.

Last month, IMG completed a placement to raise A$20 million to fund, amongst other things, the acquisitions.

MD comments

IMG Managing Director Dennison Hambling said: “We are excited to welcome AAG staff into the IMG group, to work alongside ADT in re-emerging as the leading commercial security integrator in Australasia.

“With ACG Integration (settled last week) alongside AAG, it will be exciting to see our significantly expanded national commercial team deliver value-added security and technology solutions to both our current and potential new customers, in what is an increasingly complex and insecure environment.”

Adeva acquisition

Last month, IMG completed the A$2.5 million acquisition of Adeva Home Solutions, a prominent security provider in Australia and New Zealand.

IMG’s acquisition of Adeva is aimed at bringing the iconic ‘Signature Security’ business back to life in Australia.

At one time Signature was nearly the largest end-to-end security business for residential and small businesses in Australia (with nearly 100,000 customers).

Importantly, the acquisition is poised to boost IMG’s revenue by A$9 million and add A$800,000 in EBITDA for the fiscal year 2025.

 

Disclaimer

JustStocks provides data and commentary that constitutes general information only. This does not constitute personal, financial or professional advice or assistance. The data and information compiled do not consider your investment objectives or your financial circumstances. JustStocks cannot guarantee this website’s accuracy, completeness, or timeliness. JustStocks accepts no responsibility regarding any inaccuracy, omission, or change in information or articles or the data provided. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. The information provided may not be appropriate for your circumstances or needs. JustStocks recommends that you seek professional advice from a qualified advisor before you make any decisions.