The acquisition was funded with €10.4 million in cash in addition to €1 million in performance-based earnouts. Blickfeld, a preexisting partner of Senstar, is a top producer of 3D Lidar sensors with integrated software for security, volume monitoring, industrial and traffic applications.

The acquisition strengthens Senstar’s position as a provider of fully integrated, multi-layered security offerings by adding Blickfeld’s high-precision 3D security Lidar sensor range, a solution competitively positioned in a segment of the market expected to grow by over 20%. With renewed cross-selling capabilities and complementary award-winning hardware and software solutions, Senstar is well-positioned to expand its addressable market by broadening its solution offering to existing customers and reinforcing its ability to secure critical points within non-critcal infrastructure. Together, the companies will deliver enhanced detection accuracy that reduces false alarms and improves situational awareness, while broadening application breadth to include new, high-growth volume and traffic-monitoring verticals.

Mr. Fabien Haubert, CEO of Senstar Technologies Corporation, stated, “We are thrilled to welcome Dr. Mathias Müller and the Blickfeld team to Senstar. By combining Senstar’s proven perimeter intrusion detection systems and intelligent video management software with Blickfeld’s advanced 3D Lidar technology, we are in a unique position to deliver next-generation security solutions that address our customers’ most critical challenges. Together, we plan to strengthen our product development, expand our global reach, and advance our roadmap in both critical infrastructure and new vertical markets such as traffic and volume monitoring, where customers increasingly demand Lidar-enabled situational awareness.”

In addition, this complimentary acquisition enables for richer collaboration towards the realisation of synergies. Upon closing, Blickfeld will continue to operate autonomously while leveraging Senstar’s support, with Blickfeld GmbH and its subsidiary, Blickfeld North America Inc., remaining Senstar subsidiaries under their current names.

With this acquisition Senstar continues to commit to strategic growth and technology leadership, with both companies reiterating their focus on leveraging synergies as a combined entity.