Europe-Japan

Tag: Canon

  • Canon offers SEK 23.6 Billion for CCTV leader Axis AB

    Canon aims for leadership in the US$ 15 billion global video surveillance market

    by Gerhard Fasol

    Canon offers 50% premium on Axis Aktiebolag share price of Monday Feb 9, 2015

    Canon is one of Japan’s most successful electronics groups, with imaging as one of Canon‘s core business areas.

    On February 10, 2015, Canon launched a public offer with a total value of about SEK 23.6 billion (US$ 2.8 billion) to acquire all outstanding shares of the Swedish surveillance video company Axis Aktiebolag. The public offer will start on March 3, 2015, and is expected to end on April 1, 2015.

    Canon aims for leadership in the global video surveillance market

    With this acquisition (if successful), Canon is aiming to become a global leader in the video surveillance market, which is estimated to be about US$ 15 billion globally.

    Axis Aktiebolag

    Axis is traded on the Nasdaq Stockholm (Large Cap) stock exchange. The trading symbol is AXIS, and the ISIN Code is SE0000672354.

    Axis to remain independent entity with current management

    Under the applicable Takeover Rules, Axis Board of Directors needs to express an opinion on the impact of the potential takeover on employment, on Canon’s strategic plans, and the impact of these strategic plans on employment and the communities in which Axis does business.

    Axis Board of Directors declared Canon’s intention to keep Axis AB as an independent entity under the current management, and continuing the current company culture, and to retain the Axis brand name.

    Axis Board of Directors’ statement of February 10, 2015 can be found here on the Axis website.

    Japan electronics industries – mono zukuri.

    Japan electronics industries: mono zukuri

    Copyright 2015 Eurotechnology Japan KK All Rights Reserved

  • Video surveillance specialist Milestone Systems A/S acquired by Canon

    Canon acquires video surveillance specialist Milestone Systems A/S in June 2014

    Milestone Systems A/S is a leading IP based video management software (VMS) and network video recorder (NVR) provider for video surveillance

    Milestone System was founded in 1998 to apply IP technology from the financial sector to the surveillance video sector, which had previously been predominantly analogue.

    10 July 2008, Index Ventures announced an investment of $27 million (17 million Euros) into Milestone Systems.

    IHD estimates that the video surveillance market size is on the order of US$ 13 billion, while Milestone Systems A/S is estimated to have an 8% market share.

    Milestone Systems A/S

    Milestone Systems A/S

    Founded in 1998 by Henrik Friborg and John Blem by applying their knowledge of IP technology for real-time financial systems to digital video surveillance, replacing previously mainly analogue recording techniques.

    In June 2014 Milestone Systems A/S was acquired by Canon, reports to Canon Europe, but works as a stand-alone company.

    Revenues: DKK 709 million (= US$ 110 million) (2016)
    Operating incomee: DKK 121 million (= US$ 19 million) (2016)
    Net income: DKK 42 million (= US$ 6.5 million) (2016)
    Employees: 600 (2015)

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