Australia's Intelligent Monitoring Group rises on NZ acquisitions

Johnson Controls International

11/12/2025 04:46

** Shares of Australia's Intelligent Monitoring Group IMB.AX rise as much as 13.8% to A$0.62, set for its strongest trading session in over four months, if current trends hold

** Stock touches its highest level since November 19

** Security firm to acquire NZ-based fire protection service company Tyco NZ and security provider Red Wolf for NZ$45 million ($26.09 million)

** Co expects acquisition to generate proforma revenue of NZ$89.5 million and EBITDA of NZ$10.9 million in FY26

** Stock last up 9.2% including day's moves, up 6.25% YTD

($1 = 1.7250 New Zealand dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))