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

  • Developments in signal head lens technology
    February 3, 2012
    Heads and tails Leading manufacturers of traffic signal systems discuss developments in signal head technology as well as some of the legacy issues which affect future deployments Transparent model of Dambach's ACTROS.line technology, showing the bus electronics in the signal head Cowls could be superseded by the greater use of lens technology
    Read More
  • Egis expands in Brazil
    November 28, 2014
    International engineering group Egis has furthered its development strategy with the acquisition of Sao Paulo-based engineering firm Lenc. The acquisition allows Egis to become one of the foremost engineering firms in Brazil, offering a comprehensive range of services in urban development, regional planning and multi-modal transport, whilst also consolidating its international business activities in one of the most promising countries in the world. Established in 1975, Lenc is one of the leaders in th
    Read More
  • Capita and Morphean to partner on video surveillance
    July 21, 2016
    UK professional services company Capita is to integrate Morphean’s software into its CloudVision platform, a hosted video surveillance and analytics service using automated technology to simplify security management and intelligence gathering. The system’s sophisticated analytics include cross line detection, which detects moving objects that cross a virtual line, and digital auto tracking, which automatically detects and follows moving objects such as people and vehicles. CloudVision also offers intrusi
    Read More
  • Tech giants could herald loss of MaaS policy control
    March 25, 2020
    With tech giants targeting the transport sector, could local authorities lose control of their means of delivering policy?
    Read More

Highlighted Content