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.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Canonconsumer electronicsAxis

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tim Hornyak

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?