SNT News & Events

Senstar Technologies announced that its wholly owned subsidiary has entered into a definitive agreement to acquire Blickfeld GmbH, a top producer of 3D LiDAR sensors with integrated software for security, volume monitoring, industrial and traffic applications, for EUR 10.4M in cash with EUR 1M in performance-based earnouts. The acquisition will be fully funded with cash from the company's $21.7M balance of cash and cash equivalents and short-term bank deposits as of Septermber 30, 2025. The acquisition is expected to close in Q1 2026, subject to the satisfaction of customary closing conditions and receipt of regulatory approvals.

Reports Q4 revenue $10.2M vs. $8.9M last year. CEO Fabien Haubert stated, "We are encouraged by our strong performance in 2024, marked by solid revenue growth and significant improvement in profitability, which validates the effectiveness of our focused strategy to drive growth within key verticals. Our growth was driven primarily by our four key verticals, along with strong performance in the transportation market. Notably, we expanded our market share, secured major new customers and improved sales efficiency through a strengthened sales team. We also enhanced profitability through operational streamlining, reduced COGS and price optimization. As we look ahead, we remain committed to capturing additional market share, deepening customer relationships and delivering sustainable growth."