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Canon to buy network video camera maker Axis

10/02/2015 by Sharon Shahzad

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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.

This article has been extracted from http://www.pcadvisor.co.uk, please click on this link to read the article in full http://www.pcadvisor.co.uk/news/digital-home/3597410/canon-to-buy-network-video-camera-maker-axis/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, IT Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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