Intelligent Monitoring Group completed the acquisition of Tyco Australia Group for AUD45m from Signature Security Group Holdings.

Intelligent Monitoring Group, an Australian listed organisation providing monitored security and IoT solutions, completed the acquisition of Tyco Australia Group, an Australian security company, for AUD45m from Signature Security Group Holdings, an electronic security company. “the opportunity to create a market leading business, with one of the most recognisable security brands in the world, is an exciting new development in the IMG journey. We look forward to delivering on our clear business plan which will transform IMG into a serious industrial company with significant profitability, a strong balance sheet and material growth prospects," Dennison Hambling, Intelligent Monitoring Group Managing Director.