Intelligent Monitoring Group Limited (AU:IMB) has released an update.
Intelligent Monitoring Group Limited (IMG) has announced strategic acquisitions of Everjazz Pty Limited and ACG Integration Pty Ltd for a total of $15.9 million, aimed at enhancing their commercial business and expanding their skilled technician base. To fund the acquisitions, IMG has completed an equity placement, raising approximately $19.3 million through the issuance of new shares. These moves are expected to significantly bolster IMG’s revenue and position the company for a potential refinancing of its debt in the coming year.
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