Canon to acquire Axis, expand video surveillance

Canon is to buy Swedish network video solutions specialist Axis Communications for US$2.8 billion, in the Japanese camera maker’s biggest-ever acquisition. As a key strategy toward the achievement its goal of maintaining its highly profitable structure and joining the ranks of the world’s top 100 companies, Canon aims to develop new business through globalised diversification.
February 10, 2015 Read time: 1 min

7992 Canon is to buy Swedish network video solutions specialist 2215 Axis Communications for US$2.8 billion, in the Japanese camera maker’s biggest-ever acquisition.

As a key strategy toward the achievement its goal of maintaining its highly profitable structure and joining the ranks of the world’s top 100 companies, Canon aims to develop new business through globalised diversification.

Canon sees network video surveillance as a promising new business area and says the combination of its own optical and imaging technologies and Axis’ network image processing technology will enable both companies to offer innovative, sophisticated network video solutions.

Canon has global distribution and service network for its camera products and business equipment, while Axis has a well-established worldwide network of 75,000 business partners, including system integrators. By adding Axis to the Canon Group, Canon will add Axis’s distribution and service channels for network system products.

Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Pioneering sensors collect weather data from moving vehicles
    January 20, 2012
    ITS International contributing editor David Crawford foresees the vehicle as 'sentinel being'
    Read More
  • Fleet management systems in the Americas ‘will exceed 13 million units by 2019’
    November 10, 2015
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 4.7 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.5 percent, this number is expected to reach 9.7 million by 2019. In Latin America, the number of active fleet management systems is expected to increase from 2.1 million in the fourth quarter of 2014, growing at a CAGR of 14.6 percent to re
    Read More
  • Hikvision secures Ghana's International Airport
    September 17, 2015
    Video surveillance supplier Hikvision and its Central African partner, Skylinks Technical Services, have recently completed the installation of an IP CCTV surveillance network for Aviance Ghana at Kotoka International Airport. A total of thirteen cameras now maintain close scrutiny of the 650 hectare site and protect passengers, aircraft and cargo.
    Read More
  • Simple solutions for bigger screen
    December 10, 2015
    Mitsubishi’s David Jones considers an alternative to purchasing the display technology for traffic management centres. Display screen technology is evolving rapidly but while the video wall is arguably the most important technology system in a traffic management centre (TMC), most are five to 10 years old and effectively obsolete. When faced with similar problems, other sectors around the world have adopted a policy of leasing all or part of the equipment.
    Read More

Highlighted Content