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Intelligent Monitoring Group Limited ( (AU:IMB) ) has shared an update.
Intelligent Monitoring Group Limited has announced its acquisition of Tyco NZ and Red Wolf from Johnson Controls for NZ$45 million, aiming to strengthen its commercial footprint in New Zealand. This strategic move is expected to significantly boost IMG’s revenue and profitability, with the acquisition anticipated to be accretive and align with the company’s growth strategy in the region. The acquisition will be funded through existing banking facilities and cash flow, reflecting IMG’s commitment to expanding its industrial capabilities and enhancing shareholder value.
The most recent analyst rating on (AU:IMB) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Intelligent Monitoring Group Limited stock, see the AU:IMB Stock Forecast page.
More about Intelligent Monitoring Group Limited
Intelligent Monitoring Group Limited (IMG) operates in the security and monitoring industry, providing advanced security solutions and services. The company focuses on expanding its market presence across Australasia, leveraging acquisitions to enhance its service offerings and market reach.
Average Trading Volume: 458,558
Technical Sentiment Signal: Sell
Current Market Cap: A$217M
For an in-depth examination of IMB stock, go to TipRanks’ Overview page.