Canon Axis acquisition

Security industry’s top 10 mergers & acquisitions of 2015

For the second year in a row, Canon made the biggest M&A move in the security marketplace in 2015. How could Canon top the industry shockwaves it created in 2014 when the Japanese giant acquired VMS company Milestone Systems? That’s easy: They bought Axis Communications for $2.8 billion in 2015.   Although the Canon-Axis deal grabbed the most headlines and was easily the most shocking M&A announcement of 2015, it was certainly not the only big news on the mergers...

A wrinkle emerges in Canon’s acquisition of Axis Communications

Anyone thinking the Canon acquisition of Axis is a done deal should reconsider. Not so fast. A wrinkle has emerged as the Japanese imaging giant has been buying up shares of Axis in anticipation of acquiring the Swedish camera manufacturer. The wrinkle comes in the form of a hedge fund company called Elliott Management, which has reportedly bought 10.91 percent of Axis stock. Incomplete sale The number is significant because Canon needs to acquire 90 percent of Axis stock in order to force th...

Post Canon acquisition, Axis still committed to open security systems

In the wake of Canon’s acquisition of Axis Communications, the company faces a communication challenge in the market – to reiterate the camera manufacturer’s commitment to open systems- acknowledges Fredrik Nilsson, General Manager, North America of the Swedish IP camera vendor.    “We say nothing will change, and we will show it in our action as well as say it,” he comments. “There have been companies that have claimed openness, but then don&rsquo...

Canon-Axis buy: Integrators respond

Recent news of Canon’s $2.83 billion cash bid for network surveillance leader Axis Communications came as a surprise to some, but many could easily digest the move as more consolidation of the marketplace, especially the crowded video surveillance space. Systems integrators weighed in on what they expect and the long-term outlook for IP camera leader Axis and Canon, a Japanese firm predominate in broadcast, optics and consumer electronics. Joe Liguori, a partner at Access Co...

Canon & Axis Communications: Pre acquisition history of collaboration

A more than 20-year shared history between Canon and Axis Communications has been an underreported aspect of the recent announcement by the world’s largest camera company of plans to acquire the Swedish IP video camera company. The fact is, Canon and Axis have worked together for years, dating back to the time when Axis was focused on making printer servers (rather than IP cameras). In those days, Axis often worked with Canon to supply printer servers, which were bundled with Canon printe...

Canon left clues on Axis acquisition bid

Surprise – shock, even – was the initial reaction of most in the industry to the announcement earlier this week of Canon’s intent to acquire Axis. Maybe it was the (apparent) suddenness of the move, or its scale ($2.8 billion!) that caught us off guard. Maybe it’s the continuing ripples the move is likely to cause through the industry that has us still talking about it. It’s clearly the biggest story in our market in years. But after you think about it a couple of...