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

  • Driver training saves lives, increases profits, reduces costs
    February 6, 2012
    An innovative UK Government initiative on work-related driver training has resulted in astonishing success, not only in terms of government objectives, but also in substantial cost-benefits for companies and public sector authorities participating in the scheme: they save lives and increase profits/reduce costs Here, we present an overview of the initiative and, overleaf, provide a detailed cost-benefit analysis which amply illustrates why it has been enthusiastically embraced by industry and the public sec
    Read More
  • Tier Mobility takes over Spin
    March 3, 2022
    German firm's latest acquisition means it rides into North America with Ford-owned group
    Read More
  • u-blox acquisition adds wi-fi and Bluetooth connectivity
    May 20, 2014
    Swiss-based u-blox has acquired Swedish company connectBlue AB, a provider of industrial-grade short range radio modules which support Bluetooth and IEEE 802.11/wi-fi industry standards that enable the last hundreds of metres of connectivity between equipment and the internet. According to u-blox, the acquisition greatly enhances its portfolio of positioning and cellular wireless communications solutions with short range communication products and broadens the u-blox module offering bringing millions of
    Read More
  • DSRC? ‘It’s become a faith-based thing’
    March 2, 2021
    The US FCC’s decision on 5.9GHz led to Applied Information offering DSRC buybacks to DoTs. Bryan Mulligan tells Adam Hill that we now just need to get on and roll out CV technology...
    Read More

Highlighted Content