.
MergerLinks Header Logo

New Deal


Announced

Completed

Axis Communications completed the acquisition of Citilog for £7m.

Financials

Edit Data
Transaction Value£7m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Acquisition

Completed

Friendly

Single Bidder

Security Services

monitoring

surveillance

France

Majority

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US