Menu
Canon to buy network video camera maker Axis

Canon to buy network video camera maker Axis

US$2.8 billion deal gives Canon IP camera know-how including image processing technologies

Canon is planning to buy Swedish security camera maker Axis Communications amid slumping demand for digital compact cameras.

The tender offer is worth about ¥333 billion (US$2.8 billion) and has been approved by the three largest shareholders in Axis, Canon said Tuesday.

Canon already makes its own security cameras, but with Axis it will gain a broad range of IP-based video surveillance products and an open application platform for third-party app development.

Cameras make up nearly 40 percent of Canon's sales, but as smartphones have damped sales of digital compact cameras, the company has pushed into medical equipment and network cameras.

Axis's network image processing technologies will enhance Canon's own offerings, it said. Meanwhile, Canon's optics technology, such as the 50-megapixel sensor in the new 5DS digital SLR could benefit the Axis lineup.

Canon wouldn't say what the deal could mean in terms of product innovation, but it follows a pattern of Canon acquiring companies in the same field that have an edge. For instance, in 2010 Canon acquired Dutch printer company Océ, whose high-output machines went beyond the range of Canon's multifunction office printers.

"We don't look to team up with companies that have technology that coincides or overlaps heavily with ours," Canon spokesman Richard Berger said. "We're looking for complementary fits."

Canon said the Axis brand, offices and management team will remain in place when the deal is complete, and Axis will operate as a separate legal entity in the Canon group.

Tim Hornyak covers Japan and emerging technologies for The IDG News Service. Follow Tim on Twitter at @robotopia.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags consumer electronicsCanonAxis

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments