Axis Communications is selling its subsidiary Citilog SAS to TagMaster AB. The transaction is expected to close on April 30th. Axis will continue to cooperate with Citilog and TagMaster as partners.
Axis acquired Citilog in early 2016 with the purpose to expand Axis offering in the transportation segment. Following the acquisition, Citilog operated as an independent entity in the Axis group.
“Axis and Citilog have different go-to-market models that have proven challenging to integrate. We believe we can benefit more from having a close partnership with Citilog and TagMaster, with Citilog being a subsidiary to TagMaster,” says Axis CEO Ray Mauritsson.
TagMaster is an application-driven technology company with business areas including Traffic Solutions and Rail Solutions. TagMaster was founded in 1994 and has its headquarters in Kista, Sweden. They are already established in Axis partner network.
“We will, in close cooperation with all our partners, continue to offer products and solutions to customers in all segments, including transportation and traffic management,” says Ray Mauritsson.
Axis enables a smarter and safer world by creating solutions for improving security and business performance. As a network technology company and industry leader, Axis offers solutions in video surveillance, access control, intercom, and audio systems. They are enhanced by intelligent analytics applications and supported by high-quality training.
Axis has around 4,000 dedicated employees in over 50 countries and collaborates with technology and system integration partners worldwide to deliver customer solutions. Axis was founded in 1984, and the headquarters are in Lund, Sweden.