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

  • Parkeon Transportation partners Timepsace on vehicle surveillance
    October 6, 2017
    Parkeon Transportation has partnered with technology provider Timespace to expand the company's integration capability into on-vehicle surveillance. CCTV specialist Anthony O' Brien has joined the company and will be working with bus companies to implement digital video recording technology to augment passenger safety and asset security. Through using this technology, the systems will record key data along with hi-definition imagery, along with live view connectivity.
    Read More
  • The benefits of combining enforcement and traffic management
    February 27, 2013
    Jason Barnes considers how combining enforcement equipment with other traffic management technologies might benefit our future – if only the will were really in place to do so. During the ITS World Congress in Vienna in October last year, Navtech Radar and Vysion­ics ITS announced a strategic partnership that would combine the expertise of Navtech in millimetre-wave wide-area surveillance technology with Vysionics’ machine vision-based automatic number plate recognition (ANPR) and average speed measurement
    Read More
  • Cubic and SenSen Networks agree on video analytics
    September 9, 2014
    Cubic Transportation Systems has entered into a strategic alliance and licence agreement with Australia-based video analytics specialist SenSen Networks, enabling Cubic to distribute SenSen’s products and solutions that align with Cubic’s NextCity smart cities vision. The companies plan to deliver a range of solutions to the market, including automatic gate line monitoring in train stations and transport hubs using video analytics and intelligent video to increase commuter flow, detect health and safety
    Read More
  • Canon full HD cameras integrated into Cathexis VMS
    May 31, 2013
    UK-based electronic security systems developer Cathexis Europe has integrated the new range of Canon full HD IP cameras into its CatVision video management software suite. The CatVision suite of software includes simple setup wizards for adding cameras and encoders, and caters for multiple video channel streaming. CatVision also supports bi-directional audio and I/O control on devices that provide those features. The Canon full HD network cameras all offer bi-directional audio and two inputs/two outputs. Al
    Read More

Highlighted Content