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

  • Potential game-changing MoU on tolling and ITS market cooperation for North America
    February 2, 2012
    Kapsch TrafficCom IVHS Corporaton and Federal Signal Corporation have entered into a Memorandum of Understanding after substantial discussions during the past few months regarding ways in which the two organisations might cooperate and jointly pursue mutual business interests in North America.
    Read More
  • Sony cameras and video analysis advance road tunnel safety in Sweden
    May 16, 2012
    Road tunnels are a particularly dangerous environment. Not only do fires burn more violently in enclosed environments, as happened in the 1999 Mont Blanc tunnel disaster, the low lighting and confined reaction space mean accidents are more likely to happen. Authorities must, therefore, be easily and quickly alerted to accidents, breakdowns and equipment must be working at all time.
    Read More
  • Bridge & tunnel management: seeing the bigger picture
    September 10, 2024
    A variety of technologies are available to monitor the health of critical infrastructure – and to keep the drivers who use it safe by flagging incidents while reducing false alarms
    Read More
  • Idris paves the way for loop based speed enforcement
    February 1, 2012
    With the Idris system now validated as a speed verification tool, the way is open for loops to be used in more complex enforcement applications. Diamond Consulting Services (DCS), developer of the Idris inductive loop-based vehicle detection and classification system, has recently successfully conducted validation trials which, the company says, open the way for Idris to be used for speed verification and loop-based sensors to be used for more complex applications such as speed-on-green and differential spe
    Read More

Highlighted Content