The Japanese multinational Canon has taken another leap, qualitative and quantitative, in the network security market with the acquisition of Swedish specialist and inventor of the first IP camera market, Axis Communications, whose board has recommended its shareholders accept this juicy offer, Encrypted 2.499 million.
The tender offer Canon Swedish Axis Communications is placed in 2.499 million (on 23.617 MSEK), positively evaluated and recommended to shareholders by the board of the latter, the statement distributed by this company.
This powerful corporate takeover of Canon in the environment of network security, months after making another important business action in this environment, with the purchase of the Danish multinational Milestone Systems, provider of video management software open platform that is used in thousands of installations worldwide (view information on Digital Security Magazine), not only shows the clear strategy of Japanese to quickly strengthen its presence in this growing market, but places it as a technology leader that adds to its expertise in the environment of image and video, a powerful management software IP-art systems and (CMS).
This is reflected (and is materializing effectively in the last year), The plan called global excellence that Canon launched in 2011, in order to be in the top hundred of the best global companies with the development of profitable new business and future growth, as in the case of network surveillance.
In the statement distributed by Axis Communications, its board (among which are the founders of the company: Martin Green, Mikael Karlsson y Keith Bloodworth; those who hold 39,5% capital) has unanimously recommended that shareholders accept the tender offer Canon, and participate in this operation, subject to various conditions.
The Board of Directors of Axis has proposed a dividend of 6 SEK per share, Registration date 25 March 2015, if it is accepted by its board General, would be set to supply 334 SEK per share.
It is expected that the acceptance period of the offer starts next 3 March and expires 1 April 2015, conditional on, among other terms, accepted by the authorities that Canon will become the owner of more than 90% the capital of the Swedish company.
For the evaluation of the offer, the Board of Axis has hired Morgan Stanley as financial advisor, together with the legal backing Gernandt & Danielsson Attorneys KB, complete with a valuation report (the so-called fairness opinion) conducted by Deloitte on the instructions of the board of the company.
Under the terms of the acquisition and once complete and authorize the same, Axis will become an independent legal entity Canon Group, maintaining its brand on the market, as well as his current team manager at its headquarters in Lund, development centers located in Europe and sales offices.
A pioneer in IP security
Since the year 1996 this Swedish multinational launched the first network video camera world, which began a process of technological convergence in the industry, Swedish Axis Communications has refined its technology to suit the needs of different sectors and extend their abilities beyond monitoring, integrating the information generated in the systems of organizations to not only prevent and detect events but, also, use in other areas of different security management.
This strategy has placed the company at the forefront in the ranking of manufacturers of network video surveillance equipment in EMEA. According to the latest report from IHS CCTV Video Surveillance Equipment World, Axis ranks first in the ranking of security cameras (both IP and analog), IP video cameras and video encoders.
Founded in 1984 Martin Gren (image), Mikael Karlsson y Keith Bloodworth, the company's growth is based on technological innovation, creating an ecosystem of partners and developers (65.000 worldwide), along with increased distribution channel (on 75.000 partners worldwide) with which it is strongly committed.
With these three pillars of business, joined the company late last year 577 million (5.450 MSEK), representing an increase of 15% over the previous year. The same growth is also reflected in its human resources, with a total of 1.627 employees in the 49 countries where it is present, and in a reversal of 15% in I D i.
Present in Spain for sixteen years, Iberian subsidiary of Axis Communications has followed the same upward trajectory that the corporation in the domestic market network security, which has now been extended with the official entry of the company in the segment of physical access control.
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