SYDNEY – Intelligent Monitoring Group Ltd (ASX: IMB) said on Thursday it has agreed to acquire New Zealand-based fire protection company Tyco NZ and security provider Red Wolf from Johnson Controls Luxembourg European Finance S.a.r.l for NZ$45 million in cash.
The deal, expected to close by Feb. 28, 2026, will expand IMG’s footprint in New Zealand, adding 12 branches and more than 300 staff under the Wormald and Red Wolf brands.
IMG said the acquisition is forecast to deliver pro forma FY26 revenue of NZ$89.5 million (A$78.1 million) and EBITDA of NZ$10.9 million (A$10 million). Post-acquisition, IMG expects consolidated annualised revenue of A$318 million and EBITDA of A$53-57 million, lifting earnings per share by 24.6-28.3%.
The company will fund the purchase through existing debt facilities with National Australia Bank and operating cash flow.
Managing Director Dennison Hambling described the acquisition as a “unique opportunity” to strengthen IMG’s commercial presence in New Zealand and accelerate the rollout of its security products.