IMG To Buy ADT UK For $A346 Million In Major Expansion.
IMG To Buy ADT UK For $A346 Million – Intelligent Monitoring Group has agreed to acquire the UK residential security monitoring business of ADT from Johnson Controls International for $A346 million.
The acquisition adds around 160,000 monitored residential customers, primarily in suburban London, to IMG’s existing portfolio of more than 200,000 monitored homes and businesses in Australia through its ADT and Signature Security operations, more than doubling the size of its monitored customer base.
According to IMG chief executive Dennison Hambling, demand for professionally monitored security services continues to strengthen.
“Unfortunately, with social fragmentation, the political situation and economic issues, people are increasingly aware and troubled by rising crime rates,” Hambling said.
“Technology can help our customers do something about it, and there is increasing demand. It’s the same dynamics, whether it’s in Australia or the UK,” he said.
The UK business generates approximately £12.5 million in monthly recurring revenue and the acquisition will be funded through a combination of cash and IMG shares issued to Johnson Controls International.
Hambling said the acquisition represented an opportunity to expand into a market with familiar technology and a recognised security brand.
“We know the ADT brand well,” Hambling said. “It’s very transformative, it’s very attractive commercially, and it’s a new growth market for us.”
The announcement follows a solid first half financial result for IMG after it acquired Wormald’s fire protection services business in New Zealand, along with commercial security company Red Wolf, and is progressing the acquisition of Tyco New Zealand.
The company reported underlying EBITDA of $19.2 million for the 6 months to 31 December 2025, up 9.2 per cent, while underlying operating cash flow increased 25.3 per cent to $9.4 million. Cash on hand at the end of the period was $36.2 million.
Meanwhile, Australian operations continued to record underlying growth of 8.3 per cent before acquisitions, while the company’s installation pipeline increased 36 per cent quarter-on-quarter to $49.8 million.
In February IMG said it remains comfortable with its FY26 guidance of underlying EBITDA between $43 million and $47 million. Following completion of the Tyco New Zealand acquisition, expected in the fourth quarter, the company expects pro forma EBITDA of $53-57 million.
Commenting on the company’s broader direction In February, Hambling said IMG was seeing increasing value from advanced monitored security technologies.
“IMG is really beginning to become an enterprise of significance. I am most excited that, through ADT, IMG’s IMS bureau customers, and its Signature Security partnerships, we have collectively caught >40 criminals in collaboration with the police using our next-generation security solutions.”
“This really is a new era for the security industry, and we are focused on leading it and keeping more business and people safe. The first half result is solid, but with the NZ business now coming back on track, our significantly growing order book, and the pending settlement of Tyco NZ, we look forward to the FY26 results with confidence, and then into what will be a bigger still FY27.”
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“IMG To Buy ADT UK For $A346 Million In Major Expansion.”
IMG To Buy ADT UK For $A346 Million
