Knightscope, a developer of autonomous security robots, has the announced the signing of a definitive agreement to acquire Case Emergency Systems (Case), with the deal set to be completed this month.
The acquisition is planned to boost the company’s revenues and improve its security offering.
Case provides blue light emergency phones and wireless emergency communications technology; with this acquisition, Knightscope hopes to enter this market.
Audited full year results reportedly show that Case generated more than US$5.4m (£4.8m) of profitable revenue in 2021.
The acquisition is intended to create an increase in physical presence for Knightscope, with more than 7,000 devices currently deployed across the US, plus nine production and logistics facilities spread throughout California, Texas and New York.
The acquisition is planned to contribute to Knightscope’s sales strategy, due to Case’s relationships with clients such as major airports, law enforcement agencies, universities, municipalities, rail, healthcare, parks and the US government.
According to Knightscope, these relationships will compliment and strengthen its growing autonomous security robot business by boosting both its product portfolio and its physical footprint.
“In order to achieve our long-term mission of making the United States of America the safest country in the world, we must drive a massive upgrade to our nation’s public safety infrastructure,” said William Santana Li, chairman and chief executive officer of Knightscope.
“Knightscope intends to do that by leveraging our current and future technologies in a major overhaul and expansion effort nationwide working closely with our clients – building on what Case has built.
“We welcome the Case team to the Knightscope family, and together we will accelerate our journey to a safer, brighter future with innovative technologies and comprehensive public safety solutions.”
As part of the deal, Sebastian E. Gutierrez, founder, president and CEO of Case, is joining Knightscope as senior vice president of public safety infrastructure development.
“Case is excited to team up with Knightscope, and we see a great deal of synergies from revenue generation to new technology development to economies-of-scale,” said Gutierrez.
“We look forward to putting our expertise in public safety, wireless communications, solar, and operations to work in pursuit of our shared mission.”
The robot security firm has said it plans to pursue further opportunistic acquisitions to encourage future growth.
