AXON ENTERPRISE, INC. acquired Fusus, Inc. / Fusus, LLC for incremental consideration of approximately $241.3 million for the remaining 79.7% interest (the FY2023 10-K initially disclosed approximately $240.0 million); existing 20.3% interest had a fair value of $63.3 million at the acquisition date (a $42.3 million non-taxable remeasurement gain was recorded), a transaction completed in January 2024, structured as all cash.
Fusus, Inc. / Fusus, LLC operates in Software and Sensors - real-time crime center technology. Fusus is a global leader in real-time crime center technology that aggregates live video, data, and sensor feeds to enhance situational awareness and investigative capabilities for customers in public safety, education and enterprise.
Axon stated the acquisition expands its ability to aggregate live video, data, and sensor feeds, enhancing situational awareness and investigative capabilities for customers in public safety, education and enterprise; $56.6 million of developed technology was recorded.
Fusus is a leader in real-time crime center technology; Axon already held an ~20.3% interest before the step acquisition. Goodwill assigned to the Software and Sensors segment; deepens Axon's real-time operations software by unifying video/data/sensor feeds. Software and Sensors operating segment Axon FY2024 10-K: "On January 31, 2024, we acquired the remaining 79.7% interest in Fusus, a global leader in real-time crime center technology, for incremental consideration transferred of approximately $241.3 million..."
Advisory firms were not disclosed for this transaction.