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

  • Co-operative infrastructure reduces congestion, increases safety
    January 30, 2012
    ITS Japan's Chairman Hiroyuki Watanabe talks to ITS International about his country's progress with cooperative infrastructures and how the experience gained to date can benefit similar initiatives elsewhere. Japan gave the rest of the world a taste of the cooperative infrastructure future when, in 1996, it went live with the Vehicle Information and Communication System (VICS). Designed to provide real-time traffic information and alerts to in-vehicle navigation systems with the dual aims of increasing safe
    Read More
  • More for less with traffic control centre technology
    May 31, 2013
    Rich pickings are now available in a maturing market supplying screens and processors for traffic management operations. Jon Masters reviews what’s on offer. Competition in supply of technology for traffic management and control centres has increased significantly in recent years. Suppliers introduced better products and customers are changing the way they operate, which benefits traffic authorities and emergency services alike. These are the views of Electrosonic’s control rooms solutions sales manager Pa
    Read More
  • MGI Acquires high-tech component printer Ceradrop
    October 29, 2013
    Plastic card printer MGI Digital Graphic Technology has acquired Ceradrop, a high-tech inkjet printing component designer and manufacturer serving the printed electronics industry, in a move that positions MGI to enter emerging, high-growth markets for printed electronics. Limoges-based Ceradrop, founded in 2006, was originally a spin-off from the world-renowned CNRS (Centre National de la Recherche Scientifique) laboratory, a leader in the French market for inkjet equipment for printed electronics as wel
    Read More
  • Microbus ANPR cameras get Stemmer Imaging distribution boost
    April 20, 2012
    Microbus and Stemmer Imaging have established a new two-way distribution agreement for Europe which will see the companies combine their core strengths to provide their OEM and system integrator customers with a greater product offering.
    Read More

Highlighted Content