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IMG Accelerates Growth with $6.98M Acquisition of KOBE in Queensland
8:30am on Monday 17th of February, 2025 AEDT
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Security
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IMG Accelerates Growth with $6.98M Acquisition of KOBE in Queensland
8:30am on Monday 17th of February, 2025 AEDT
Key Points
IMG to acquire KOBE Pty Ltd for $6.98 million upfront plus $1.92 million earn-out
Acquisition expected to be immediately EPS accretive with FY25 proforma EBITDA of ~$2.5 million
Strategic expansion of IMG’s Queensland operations via ADT Security Group subsidiary
Deal funded from November 2024 capital raising proceeds
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