Senstar Technologies To Acquire 3D LiDAR Leader Blickfeld For €10.4 Million With €1 Million In Earnouts, To Expand AI-Driven Security And Accelerate Global Market Penetration

Senstar Technologies Corporation (NASDAQ:SNT), a leading international provider of comprehensive physical, video and access control security products and solutions, today announced that its wholly owned subsidiary has entered into a definitive agreement (the "Agreement") to acquire Blickfeld GmbH ("Blickfeld"), a top producer of 3D LiDAR sensors with integrated software for security, volume monitoring, industrial and traffic  applications, for €10.4 million in cash with €1 million in performance-based earnouts.  As the holder of numerous semiconductor and technology patents, the combination with Blickfeld brings award winning hardware and software solutions to Senstar's robust ecosystem of advanced perimeter security and detection offerings.  Blickfeld's cutting-edge LiDAR security monitoring technology complements Senstar's AI-powered MultiSensor,  expanding Senstar's ability to serve a broader global customer base with a more holistic, best-in-class portfolio of intelligent security solutions.

By leveraging the combination of existing global sales forces, Blickfeld's high-precision 3D security LiDAR sensor, QbProtect, is expected to accelerate market penetration in a segment growing at over 20%, without the delays of developing new sales channels.  As an existing strategic partner, Blickfeld expedites vertical integration processes, improving cost controls, systems performance, and innovation timelines.  Combined, the two companies will expand Senstar's offerings beyond its core markets, broadening its application breadth to include volume and traffic monitoring, and the security of critical points within non-critical infrastructure such as transport facilities, museums, and cultural institutions.