Senstar Technologies Corporation Announces Agreement to Acquire Blickfeld GmbH

Rhea-AI Summary

Senstar Technologies (NASDAQ: SNT) agreed to acquire Blickfeld GmbH for €10.4 million cash plus €1 million in performance earnouts, with closing expected in Q1 2026 subject to customary conditions and regulatory approvals. Blickfeld supplies semiconductor-based 3D LiDAR sensors and software, including the QbProtect sensor, and has invested over €60 million in technology since inception. Senstar plans to fund the deal from its $21.7 million cash and short-term deposits as of Sept 30, 2025. Blickfeld aims for EBITDA breakeven on >€6 million revenue in 2026, and will remain a Senstar subsidiary with Dr. Mathias Müller continuing to lead the business.

The acquisition is presented as strategic consolidation to expand Senstar's perimeter and volume-monitoring solutions and accelerate LiDAR market penetration in a segment growing at over 20%.

Positive

• Acquisition price set at €10.4M plus €1M earnouts
• €60M invested in Blickfeld technology since inception
• Expands portfolio with QbProtect 3D LiDAR for security and traffic
• Targets faster market penetration in a segment growing >20%
• Deal funded from $21.7M cash and short-term deposits

Negative

• Transaction will reduce cash resources from $21.7M as of Sept 30, 2025
• Closing subject to regulatory approvals and customary conditions
• Blickfeld's plan to reach EBITDA breakeven depends on >€6M 2026 revenue

Key Figures

Acquisition cash price €10.4 million Cash consideration for acquiring Blickfeld GmbH

Performance-based earnouts €1 million Additional contingent consideration tied to performance

LiDAR market growth over 20% Growth rate of target LiDAR security segment

Technology investments over €60 million Cumulative investments in Blickfeld technology since inception

2026 revenue goal more than €6 million Revenue target linked to EBITDA breakeven in 2026

Cash funding source $21.7 million Cash and short-term deposits balance on September 30, 2025 used to fund deal

Expected closing period Q1 2026 Target closing timeframe, subject to conditions and approvals

Price move on news 16.84% Price change over the prior 24 hours around acquisition announcement

Market Reality Check

$3.34 Last Close

Volume Volume 98,591 is 1.53x the 20-day average of 64,529, indicating elevated trading interest ahead of this acquisition. high

Technical Shares at $3.33 are trading below the 200-day MA of $4.09 and about 37.64% under the 52-week high.

Peers on Argus 1 Down

SNT gained 16.84% on the acquisition news while key peers were mixed: KSCP down 6.53%, SPCB down 2.01%, and MG up 1.58%, suggesting a stock-specific reaction rather than a sector-wide move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 25	Q3 2025 earnings	Neutral	+1.0%	Q3 2025 results with stable margins and modest revenue decline.
Nov 11	Earnings call date	Neutral	+2.6%	Announcement of Q3 2025 earnings release and conference call timing.
Aug 25	Q2 2025 earnings	Positive	-3.9%	Strong Q2 2025 growth in revenue, EBITDA, and net income.
Aug 11	Earnings call date	Neutral	-1.7%	Scheduling of Q2 2025 results release and conference call.

Pattern Detected

Recent news catalysts have typically led to modest single-digit moves, with one notable divergence where strong Q2 2025 earnings coincided with a negative price reaction.

Recent Company History

Over the last few months, Senstar reported Q2 2025 revenue of $9.7M (up 16.2% year-over-year) with a 66.1% gross margin and net income of $1.2M, but the stock fell 3.88% after that release. Q3 2025 revenue was $9.5M with a 67.3% gross margin and net income of $1.0M, and the stock rose 1.04%. Earnings date announcements in August and November saw modest moves within a few percent. Against this backdrop, today’s acquisition announcement coincides with a stronger 16.84% gain, standing out versus prior reactions.

Market Pulse Summary

This announcement details Senstar’s agreement to acquire Blickfeld GmbH for €10.4M in cash plus €1M in earnouts, adding 3D LiDAR hardware and software to its security portfolio. Blickfeld’s segment was described as growing over 20%, with more than €60M invested in its technology and a goal of EBITDA breakeven on over €6M revenue in 2026. Funded from a $21.7M cash balance, the deal’s impact will hinge on integration progress, regulatory approvals, and meeting stated growth objectives.

Key Terms

3d lidar sensors technical

"a top producer of 3D LiDAR sensors with integrated software for security"

3D LiDAR sensors are devices that send out rapid laser pulses and measure the time it takes for each pulse to bounce back, creating a precise three-dimensional map of the surrounding environment—think of it as visualizing space with light the way sonar uses sound. For investors, these sensors are important because they enable technologies like autonomous vehicles, robotics, and advanced mapping; their performance, cost and adoption influence the competitive position and revenue potential of companies that make or depend on them.

earnouts financial

"for €10.4 million in cash with €1 million in performance-based earnouts."

An earnout is a portion of a purchase price in a company sale that is paid later only if the business meets agreed future targets, like revenue or profit milestones. Think of it as a performance bonus tied to the company’s future results; it matters to investors because it shifts risk between buyer and seller, affects the ultimate price paid, and can influence future cash flow, incentives and how management prioritizes growth.

ebitda breakeven financial

"a strategic goal of reaching EBITDA breakeven on more than €6 million in revenue"

EBITDA breakeven is the point where a company’s earnings before interest, taxes, depreciation and amortization (EBITDA) equal zero — meaning its core operations generate just enough income to cover routine operating costs. Like a household whose paycheck exactly pays the monthly bills, hitting this milestone shows the business can sustain day-to-day activity before financing costs or accounting deductions, so investors use it to judge operational health, cash-flow potential and risk.

cash and cash equivalents financial

"funded with cash from the Company's $21.7 million balance of cash and cash equivalents"

Cash and cash equivalents are the money a company has on hand plus very short-term, low-risk investments that can be quickly turned into cash, like bank deposits or government bills. Investors watch this figure because it shows a company’s immediate ability to pay bills, cover unexpected costs, and fund operations or growth — like a household’s checking account and emergency fund that keeps daily life running smoothly.

regulatory approvals regulatory

"expected to close in Q1 2026, subject to ... receipt of regulatory approvals."

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

AI-generated analysis. Not financial advice.

OTTAWA, ON, Dec. 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.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario), which we refer to collectively as forward-looking statements. These forward-looking statements are not limited to historical facts, but reflect Senstar's current beliefs, expectations or intentions regarding future events, including, without limitation, the consummation of the acquisition and the ability to achieve synergies from such transaction. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," and similar expressions are intended to identify such forward-looking statements. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. Forward-looking statements are based upon a number of assumptions and factors which cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including the effect of tariffs imposed by governments in countries in which we operate, risks associated with the ability to obtain the approvals that are required to consummate the acquisition and the timing of the closing of the acquisition, the risk that the conditions to the acquisition are not satisfied on a timely basis or at all, or the failure of the acquisition to close for any other reason, the risk that a consent or authorization that may be required for the acquisition is not obtained or is obtained subject to conditions that are not anticipated, unanticipated difficulties or expenditures relating to the acquisition, the response of business partners and retention risks arising as a result of the announcement and pendency of the acquisition, the diversion of management time on acquisition-related issues, and those risks discussed under the heading "Risk Factors" in Senstar's most recent Annual Report on Form 20-F filed with the SEC and in other filings with the SEC. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law or regulation, Senstar undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Senstar Technologies Corporation 
Alicia Kelly 
Chief Financial Officer
alicia.kelly@senstar.com 

IR Contact:
Hayden IR
Corbin Woodhull,
Managing Director
Corbin@HaydenIR.com
+1-602-476-1821

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SOURCE Senstar Technologies Corporation

FAQ

What is the purchase price Senstar agreed to pay for Blickfeld (SNT)?

Senstar agreed to buy Blickfeld for €10.4 million cash plus up to €1 million in performance-based earnouts.

How will Senstar (SNT) fund the Blickfeld acquisition?

The acquisition will be fully funded from Senstar's $21.7 million balance of cash and short-term bank deposits as of Sept 30, 2025.

When is the Senstar and Blickfeld deal expected to close and what conditions apply?

The acquisition is expected to close in Q1 2026, subject to customary closing conditions and receipt of regulatory approvals.

What technology and products does Blickfeld bring to Senstar (SNT)?

Blickfeld provides semiconductor-based 3D LiDAR sensors and integrated software, notably the QbProtect sensor for security, volume and traffic monitoring.

What financial target did Blickfeld set for 2026 under Senstar ownership?

Blickfeld aims for EBITDA breakeven on more than €6 million in revenue for 2026.

Will Blickfeld keep its management after the acquisition by Senstar (SNT)?

Yes. Dr. Mathias Müller will remain in office and Blickfeld will continue to operate under its current name as a Senstar subsidiary.