IMB - Acquisition of BNP Securities(BNP Protective Services)
Released
Released
Announcement PDF
1 October 2025
Strategic Acquisition of BNP Securities
Highlights
ASX RELEASE
ASX: IMB
•
Intelligent Monitoring Group Limited (“IMG” or the "Company”) has entered
into a sale and purchase agreement to acquire all of the shares in BNP Securities
Pty Ltd (“BNP”) (“Acquisition”).1
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IMG will pay $4.2 million cash for the Acquisition, subject to customary
adjustments for working capital, cash, and debt amounts on completion.
•
The Acquisition is expected to be immediately earnings accretive and is
anticipated to generate a pro forma annualised EBITDA of $1.4m, putting the
multiple in line with prior IMG acquisitions.
•
The Acquisition is a strategic acquisition by IMG Subsidiary, ADT Security Group
Pty Ltd, on behalf of ADT’s new ADT Guard division. It will strategically expand
ADT’s Australian operating footprint into the large security guarding market.
•
BNP will provide ADT Guard a strong platform to pursue an industry-wide
rollout of IMG’s ADT Guard video strategy into an area currently dominated by
physical manpower.
•
BNP has a long-term, significant, high-quality reputation as a provider of
traditional manpower and patrol-based security services, which will
complement IMG’s modern, lower-cost, higher-quality video solutions.
Acquisition
IMG’s subsidiary ADT has entered into a sale and purchase agreement today to acquire
all of the shares in BNP.
BNP is a leading supplier of traditional security manpower solutions, including guards,
patrols and alarm response, for government, industrial, retail and other commercial
customers, principally in NSW, and was established in 1993.
ADT will pay $4.2 million cash for the Acquisition, subject to customary adjustments for
working capital, cash, and debt amounts on completion. The estimated figure is based
on the seller’s average earnings for the prior three years.
IMG is expecting to complete the Acquisition later today.
Company comment
Managing Director Dennison Hambling said, “This acquisition is an important step in
commercialising and accelerating IMG’s Live Video Monitoring services.
Customers of all sizes, who have adopted this product, have seen a significant (in
1 Via IMG’s subsidiary, ADT Security Group Pty Ltd (“ADT”).
INTELLIGENT MONITORING GROUP LIMITED
ABN 36 060 774 227
Suite 2, 1 Tully Road, East Perth, WA 6004
Website: www.theimg.com.au
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some cases up to 50%) cost reduction in the cost of physical security provision and
experienced far improved deterrence and apprehension outcomes.
We want to use our ADT Guard products and division to accelerate making Australian
and New Zealand safer, and BNP will give us a good initial scale to showcase to a
wider audience, what we can do”.
Company acquisition discussion
IMG Managing Director Dennison Hambling will host a Teams Call to discuss the BNP
acquisition, and interested parties can attend the presentation, due to commence at
11:00am Brisbane time today, by clicking the link here: LINK
ASX: IMB
-ENDSAuthorisation: This announcement is authorised for release by the Board of Intelligent
Monitoring Group Limited.
ASX RELEASE
Contact details: For further information, please contact:
Company Enquiries:
Investor Relations, Media & PR:
Investor Relations, Media & PR:
Dennison Hambling
Managing Director
Intelligent Monitoring Group Ltd
dhambling@theimg.com.au
Shenin Singh
Head of Business Intelligence
Intelligent Monitoring Group Ltd
ssingh@theimg.com.au
Rod North
Managing Director
Bourse Communications Pty Ltd
+61 408 670 706
rod@boursecommunications.com.au
INTELLIGENT MONITORING GROUP LIMITED
ABN 36 060 774 227
Suite 2, 1 Tully Road, East Perth, WA 6004
Website: www.theimg.com.au
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