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

  • Kyocera’s illuminating innovation
    November 21, 2022
    Company develops lighting system that operates in both visible and near-infrared bands
    Read More
  • Kapsch says US purchase will have world-wide impact
    June 3, 2014
    Peter Ummenhofer, head of the ITS Business Unit at Kapsch TrafficCom, discusses what the recent acquisition of US ATMS specialist Transdyn will mean for the company and the ITS sector. Even a brief perusal of Kapsch’s portfolio lends credence to the company’s assertion that it is more than ‘just a tolling systems and services supplier’. Over the past few years, the company has added road safety enforcement to its offering with significant commercial vehicle operations capabilities, including weigh in motion
    Read More
  • Don’t forget security threat, says Econolite
    May 6, 2020
    A new level of communication is helping deliver on the promise of Vision Zero and a more sustainable future. But amid the promise, Econolite’s Sunny Chakravarty suggests we need to be mindful of the potential downsides in an age of mass connectivity
    Read More
  • Axis: why the IP camera is the ultimate traffic sensor
    September 7, 2020

     

    Axis Communications, a leader in IP traffic solutions, has launched a new eBook called The Ultimate Traffic Sensor that discusses the benefits of using video-based solutions for traffic management.

    The free eBook takes readers through the value of leveraging the power of networked devices, like the IP camera, to provide valuable insight to what’s happening on the road.

    Read More

Highlighted Content