Canon Declares Itself Largest Surveillance System Company In the World
By: John Honovich, Published on Oct 21, 2015
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Comments (9)
Eddie Perry
As a man once said "It doesnt have to make sense it just has to sound really awesome to make the stocks rise"
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Luis Carmona
"Honey, now that we're married, I think it's time for us to move in together."
"Oh geez, I don't think we'd fit in either our apartments both togther."
"Well, what about buying a house?"
"I don't think I'm ready to take that step yet."
"But we're married.....?
"Yeah, and I've been meaning to talk to you about that- it doesn't mean you can keep food in my fridge."
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Brian Rhodes
From a culture point of view, you have to think merging Milestone and Axis together would be easier than other companies being they are so geographically close and business-wise have talked about the benefit of their proximity for years.
That, coupled with Canon's relative familiarity in aqcuisitions in many markets means they aren't n00bs in making this happen. Shedding redundancy is a critical part of competition and seems like 'low-hanging fruit' in making these deals profitable.
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Scot MacTaggart
But is it really the largest? I guess I saw the combined Axis / Milestone / Canon surveillance group as still being smaller than Hikvision at least.
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Vincent Tong
Canon is "technically" bigger with a market cap of 34.77 billion
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Undisclosed #2
And maybe they will remain independent... of each other.
But neither is independent of Canon. So there is another possibility here. Perhaps Fujio's endgame is to build-up Canon security on the shoulders of these two giants?
Ultimately, ending up with Milestone and Axis being reduced to R&D or high-end niche arms of the invigorated Canon security.
How? Let Axis and Milestone do what they do on their own, if they are profitable, great. Regardless, pick thru any and all technologies, innovations in progress, business plans, customer data, demographics.
Like a Vampire. Brain Drain. Technology Transfer. Ring around the Rolodex.
Sounds crazy? Well consider the fact that Canon Security shows no signs of shutting down their IP camera division, to the contrary:
Remember for these deals to make any sense for a company Canon's size, they have to be expecting huge growth in this market. They are not looking for a couple of small companies to own that will make a buck or two.
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