Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Completed
Friendly
Single Bidder
Security Services
monitoring
surveillance
France
Majority
Synopsis
Axis Communications, the global leader in network video, completed the acquisition of Citilog, a provider of video-based Automatic Incident Detection systems, for £7m. "Citilog’s proven products are well known to the traffic sector, and complement our solutions for the most demanding requirements in that market. Their commitment to developing quality, innovative and easy-to-use products is consistent with Axis’ approach to provide the most competitive, highest value solution for a range of customer needs. We are excited to be able to offer our channel partners and end users state-of-the-art analytics tools that work with their existing Axis network video solutions," Ray Mauritsson, Axis CEO.
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