• Acquisition of 100% of Western Advance Pty Ltd, a leading security services provider in Western Australia
• $4.5 million cash consideration, funded from working capital
• Acquisition expected to be immediately earnings accretive

Intelligent Monitoring Group Limited (IMG) has announced the completion of its acquisition of 100% of Western Advance Pty Ltd (WAPL), a long-standing and leading provider of security services in Western Australia, particularly in the Oil and Gas industry, operating for more than 30 years. IMG has paid $4.5 million in cash for the acquisition, subject to customary adjustments for working capital, cash and debt amounts, and the acquisition is expected to be immediately earnings accretive. The acquisition represents another step in IMG's strategy, through its ADT business, to strategically expand its operating footprint in Western Australia, further strengthening its national platform in the Commercial and Enterprise sectors. WAPL has a long-term, significant reputation in the Oil & Gas industry, in addition to its other valued security customers, broadening the company's capability. WAPL joins the recent acquisitions of ACG, AAG, DVL and KOBE completed over the last 12 months, to present a formidable base from which IMG can continue to grow.