Canon’s Strategy for Video Surveillance Unfolds as they Acquire Axis Communications

Canon + Axis + Milestone = The New Dominant Player in Video Surveillance Technology The Board of Directors of Canon Inc. and Axis Communications have announced today that Canon has made a public offer to the shareholders of Axis to transfer all of their shares in Axis to Canon for a consideration of SEK 340 in cash per share in the Company. Axis board of directors have unanimously supported the offer. The total value of the Offer is approximately SEK 23.6 billion and represents a premium of approximately 49.8 per cent compared to the closing price of SEK 226.9 for the Axis share on Nasdaq Stockholm on 9 February 2015 and an exit multiple based on sales of 4.29 and on EBITDA of 9.71. Whilst these multiples are at the very top end of the spectrum to pay for a Video Surveillance company Axis is the undisputed world’s leading IP Network camera manufacturer. Canon has […]

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