AXON ENTERPRISE, INC. acquires VIEVU, LLC
Snapshot
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 in May 2018. The transaction was structured as combination. VIEVU, LLC is a Software & Sensors - body-worn cameras / digital evidence business.
- Acquirer
- AXON ENTERPRISE, INC.
- Target
- VIEVU, LLC
- Value
- $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
- Date
- May 2018
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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.