NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: MOBOTIX AG
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Spanish Ministry of Industry And Trade Approves the Acquisition of Vaxtor Group by MOBOTIX AG - MOBOTIX AG strengthens its operating business with the strategic acquisition of the Spanish Vaxtor Group from Tres Cantos, Madrid - Vaxtor.com / MOBOTIX.com
Spanish Ministry of Industry And Trade Approves the Acquisition of Vaxtor Group by MOBOTIX AG

 

NewswireToday - /newswire/ - Langmeil, Rhineland-Palatinate, Germany, 2022/05/12 - MOBOTIX AG strengthens its operating business with the strategic acquisition of the Spanish Vaxtor Group from Tres Cantos, Madrid - Vaxtor.com / MOBOTIX.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Audio / Video Equip. / Surveillance Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

MOBOTIX has been working successfully with the Vaxtor Group as a Technology Partner over the last few years, therefore, the acquisition of the Spanish company who develop automatic character recognition software, using video technology, was a logical consequence of this intensive cooperation. The strategic expansion was already announced on January 17, 2022, after the purchase agreement for 100% of the company shares was signed. Due to the exceptional importance of Vaxtor’s technologies, the Spanish licensing authorities requested a judicial review of the acquisition, which has now been positively decided and the Spanish Ministry of Industry and Trade has approved the takeover. The closing is now officially completed and the legal transfer of the company shares has taken place.

MOBOTIX AG strengthens its operating business with the strategic acquisition of the Spanish Vaxtor Group from Tres Cantos, Madrid. The acquisition is an essential building block for MOBOTIX in its positioning as a high-end solution provider based on video and artificial intelligence technology. It will also strengthen the development cooperation between Vaxtor and the MOBOTIX development office in Madrid, allowing both companies to be able to address emerging growth markets and future requirements even more effectively. Market Intelligence estimates that the global market for automatic license plate recognition solutions alone will grow from $2.3 billion to $3.8 billion by 2025.

"Video technology has long gone far beyond just security applications. Data is the key to the future. Collecting, analyzing, and connecting vast amounts of data open up new possibilities for our customers," explains MOBOTIX CEO Thomas Lausten. "Video technology with artificial intelligence will help protect, support and preserve values and will make life more pleasant, easier and better. With the combined expertise of MOBOTIX and Vaxtor, we are ideally positioned."

Vaxtor (vaxtor.com) is a leading provider of artificial intelligence (AI)-based video analytics software, specializing in optical character recognition (OCR) and deep learning technologies. Vaxtor's 100 percent in-house development, technical vision, expertise, continuous R&D investment, and product quality have enabled it to achieve growth and positive operating results.

About MOBOTIX AG

MOBOTIX (mobotix.com) is a leading manufacturer of premium-quality intelligent IP video systems, setting standards for innovative camera technologies and decentralized security solutions with the highest level of cybersecurity and GDPR compliant. MOBOTIX was founded in 1999 and is based in Langmeil, Germany. The company conducts its own research and development, and manufactures its own products with the guarantee of excellence attached to "Made in Germany." Other sales offices are located in New York, Dubai, Sydney, Paris and Madrid. Customers worldwide trust in the durability and reliability of MOBOTIX hardware and software. The flexibility, built-in intelligence and unparalleled data security of the company's solutions are valued in many industries. MOBOTIX products and solutions help customers in industries such as industrial manufacturing, retail, logistics, and healthcare. With strong international technology partnerships, the company is expanding its universal platform and new applications in a wide variety of areas through the use of artificial intelligence and deep learning modules.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Audio / Video Equip. / Surveillance Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: MOBOTIX AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Audio / Video Equip. / Surveillance articles,
CATCH Visitors via Your Competitors Announcements!


Spanish Ministry of Industry And Trade Approves the Acquisition of Vaxtor Group by MOBOTIX AG

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Klaus Kiener - MOBOTIX.com 
+49 6302 9816 3003 klaus.kiener[.]mobotix.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MOBOTIX AG securities in any jurisdiction including any other companies listed or named in this release.

Audio / Video Equip. / Surveillance via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From MOBOTIX AG / Company Profile


Read Audio / Video Equip. / Surveillance Most Recent Related Newswires:

Motorola Solutions Acquires Ruggedized Video Security Solutions Provider, Videotec
Konica Minolta and MOBOTIX Expand Their Strategic Partnership in the USA
National Highways Improves Public Safety on England’s Roads with Motorola Solutions Body-Worn Cameras
MetrôRio Deploys Motorola Solutions’ Body-Worn Cameras to Increase Passenger Safety
MOBOTIX Offers VdS-approved Thermal Imaging Systems for Early Fire Detection
Innovation in Surveillance Technologies Ignites Global Surveillance Solutions Market Growth Finds Frost & Sullivan
Motorola Solutions Showcases its Integrated Technology Ecosystem At ISC West 2022
Motorola Solutions Strengthens Access Control with New Openpath Pro Series Video Intercom Reader
Motorola Solutions Acquires Ava Security Limited - A Global Provider of Cloud-native Video Security and Analytics
Motorola Solutions Showcases its Integrated Technology Ecosystem At Intersec 2022 in Dubai
MOBOTIX AG Unveils 18 New Products for Intelligent Video Technology
Ground Master 400 Alpha, Taking Long-range Air Surveillance to the Next Level
Motorola Solutions Acquires Envysion, Inc. - A Leader in Enterprise Video Security and Business Analytics for the Retail Industry
Motorola Solutions Introduces First In-Car Video System Enabled by Artificial Intelligence in Europe
Swedish Rail Equips Train Staff with Body-Worn Cameras from Motorola Solutions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Limelon Advertising, Co.





 
  ©2022 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)