Intelligent Monitoring Group Ltd managing director Dennison Hambling talked with Proactive about the company’s binding agreement to acquire ADT’s residential security business in the United Kingdom, describing the transaction as one of the transformative moments in the company’s recent history. Hambling said the deal gives Intelligent Monitoring Group immediate exposure to one of the world’s largest established security markets through ADT, which he described as “the most revered and longest standing name in that market”. The company has already acquired ADT businesses in Australia and New Zealand, and Hambling said the UK acquisition allows it to apply technology and operating practices developed in Australia to a much larger residential security portfolio. Intelligent Monitoring Group has built a video-enabled monitoring platform designed to help detect and stop criminal activity before or during an event, working with police when required. Discussing the financial impact, Hambling said the acquisition is “40% EPS accretive” at the simplest level and would position Intelligent Monitoring Group as a business with more than $100 million of free cash flow before interest and tax. He also highlighted the recurring revenue profile, saying 72% of the combined business would be recurring revenue, while the ADT UK business is 92% recurring revenue. Hambling also confirmed that Intelligent Monitoring Group has acquired the rights to the ADT brand in the UK, while the acquired business is focused on the residential market. Visit Proactive’s YouTube channel for more videos, and don’t forget to give this video a like, subscribe to the channel and enable notifications for future content. #IntelligentMonitoringGroup #IMG #ASXIMB #ADT #ADTSecurity #ADTUK #SecurityTechnology #ResidentialSecurity #MonitoredSecurity #RecurringRevenue #InvestorNews #ASXStocks #UKExpansion #ProactiveInvestors #DennisonHambling