• Acquisition of leading fire protection and high-level security provider in New Zealand
• Expands IMG's commercial footprint and product offerings in New Zealand
• Acquisition expected to be materially accretive, generating $89.5m revenue and $10.9m EBITDA in FY26

Intelligent Monitoring Group Limited (IMG) has entered into a binding agreement to acquire all the shares in BlueSky Holdco Limited ('Tyco NZ' and 'Red Wolf') from Johnson Control Luxembourg European Finance S.a.r.l (a subsidiary of Johnson Controls International plc) for $NZ45 million in cash consideration, subject to customary adjustments. Tyco NZ is a leading fire protection service company and Red Wolf is a high-level security provider, with both businesses providing ongoing service, maintenance and installations for commercial customers across New Zealand under the Wormald and Red Wolf brands. Tyco NZ boasts a strong nationwide coverage through 12 branches and over 300 staff, with a consistent track record of high recurring revenue streams. Red Wolf has a strong presence in the Wellington Government, council and commercial markets, complementing IMG's existing ADT NZ footprint which is strongest outside Wellington. The acquisition is expected to generate a FY26 (September) proforma revenue of $NZ89.5m (A$78.1m) and $NZ10.9m (A$10m) EBITDA (pre any cost improvements, transaction, and restructuring charges). Post acquisition, IMG will have a pro forma consolidated annualised Revenue of $318m, and EBITDA of $53-57m based on guidance given at the IMG AGM in November 2025, leading to a pro forma EPS of 0.066cps to 0.074cps (based on full tax provision, less amortisation), up +24.6-28.3% from the bottom level of the prior acquisition guidance range.

The acquisition is expected to generate a FY26 (September) proforma revenue of $NZ89.5m (A$78.1m) and $NZ10.9m (A$10m) EBITDA (pre any cost improvements, transaction, and restructuring charges). Post acquisition, IMG will have a pro forma consolidated annualised Revenue of $318m, and EBITDA of $53-57m.

The acquisition is expected to materially enhance IMG's commercial footprint in New Zealand, adding a stable business with a strong recurring revenue base and allowing IMG to introduce its leading security products to the commercial market in New Zealand in a significantly enhanced and more rapid fashion.