Senstar Technologies Corporation Announces Agreement to Acquire Blickfeld GmbH (Form 6-K)

Senstar Technologies Corporation Announces Agreement to Acquire Blickfeld

GmbH

Ottawa, Ontario, December 9, 2025 /PRNewswire/ -- 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.

Mr. Fabien Haubert, CEO of Senstar Technologies Corporation, stated, "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 growth trajectory."

Dr. Mathias Müller, CEO and Co-founder of Blickfeld, continued, "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."

Both companies look forward to leveraging synergies and working closely together, but will operate largely independently of each other with Dr. Mathias Müller remaining in office to lead his existing team. With over €60 million in technology investments since inception, a strategic goal of reaching EBITDA breakeven on more than €6 million in revenue for 2026, Blickfeld GmbH and its subsidiary, Blickfeld North America Inc. will continue to exist under their current names as Senstar subsidiaries.

The acquisition will be fully funded with cash from the Company's $21.7 million 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.

About Senstar Technologies Corporation

With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance, and unify support. For 40 years, Senstar has been safeguarding people, places, and property for organizations around the world, with a special focus on utilities, logistics, correction facilities and energy markets.

About Blickfeld

Founded in 2017 and headquartered in Munich, Blickfeld is an international company that develops LiDAR (Light Detection and Ranging) sensors with integrated software. The company's solutions provide real-time 3D data for a wide range of innovative use cases - from volume monitoring and security system enhancement to privacy-compliant people counting and functions in traffic applications.