LiDAR specialist Blickfeld and Senstar Technologies Corporation (Nasdaq: SNT), a leading international provider of comprehensive physical, video and access control security products and solutions, announced that they have entered into a definitive agreement for Blickfeld to be acquired by Senstar Technologies Corporation subject to closing and regulatory conditions.
Both companies look forward to leveraging synergies and working closely together, but will operate largely independently of each other. Blickfeld GmbH and its subsidiary, Blickfeld North America Inc. will continue to exist under their current names as Senstar subsidiaries. Blickfeld CEO Dr. Mathias Müller will remain in office and lead his existing team.
Blickfeld was founded in 2017 by Dr. Mathias Müller, Rolf Wojtech and Dr. sc. Florian Petit and develops innovative 3D LiDAR technology for applications in the security, industrial, traffic and automation sectors. With its 3D security LiDAR sensor QbProtect, the company has already positioned itself as a successful player in the Security landscape.
Senstar CEO, Fabien Haubert, welcomes Blickfeld: “By joining forces with the talented team at Blickfeld, we advance our competitive positioning to further penetrate large, high-growth industries and verticals. Combining Blickfeld’s proven, semiconductor-based LiDAR solutions with our portfolio expands our addressable market, enhances our situational awareness capabilities, and opens new prospects across the transportation and industrial verticals globally. Blickfeld’s real-time 3D monitoring extends our intelligence capabilities in meaningful ways, and together, we can deliver a more comprehensive solution set to our customers. We welcome Blickfeld to the Senstar team and are enthusiastic about the transformation it brings to our sustainable growth trajectory.”
Blickfeld CEO, Dr. Mathias Müller, says: „After several years of a trusting and successful partnership with Senstar, we are excited to now take the next step. We are proud to become part of Senstar and to be working together to expand into innovative application areas while improving our customers’ security concepts worldwide with the help of our LiDAR technology.”
