AXON ENTERPRISE, INC. acquires VIEVU, LLC
The deal at a glance
AXON ENTERPRISE, INC. acquired VIEVU, LLC for $4.6 million in cash plus $2.5 million in common stock issued to Safariland at closing, with consideration of up to approximately 141,000 additional shares contingent upon achieving certain milestones over the following two years, a transaction completed in May 2018, structured as combination.
VIEVU, LLC operates in Software & Sensors - body-worn cameras / digital evidence. VIEVU is a body-worn camera and digital evidence competitor acquired from The Safariland Group; the acquisition added five new major city customers to Axon's Software & Sensors segment.
Axon described the strategic acquisition of VIEVU from The Safariland Group as adding five new major city customers to its Software & Sensors segment.
VIEVU brought five new major city customers into Axon's Software & Sensors segment. Consolidated VIEVU's body-worn camera and digital-evidence customer base into Axon's platform. Software & Sensors segment Axon Q2 2018 8-K (June 21, 2018): "In the second quarter ending June 30, 2018, the Company expects to incur $1.0 million to $1.3 million in non-recurring acquisition and integration costs associated with the acquisition of VIEVU, LLC ('VIEVU') that was announced on May 4, 2018."
No advisory firms have been disclosed for this transaction.