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IMG Completes $37 Million Acquisition of Wormald NZ and Red Wolf, Boosting Earnings by 20.9%
2:06pm on Monday 1st of June, 2026 AEST
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Security Services
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IMG Completes $37 Million Acquisition of Wormald NZ and Red Wolf, Boosting Earnings by 20.9%
2:06pm on Monday 1st of June, 2026 AEST
Key Points
Acquisition adds 330+ employees and 14 branches in New Zealand
Transaction funded through cash reserves and a $35 million acquisition facility
Wormald NZ delivers NZ$70.9 million revenue with 75% recurring income
Red Wolf brings government-grade security expertise and 75% recurring revenue
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