LUND, Sweden — Axis Communications announced Monday it has acquired Prague, Czech Republic-based 2N, a provider of IP intercom solutions for the information and communications technologies (ICT) and physical security industries. Terms of the deal were not disclosed.
The acquisition addresses the growing IP video intercom market and further strengthens Axis Communications’ solution offering, according to a press statement.
Axis is #3 on the list of top brands among CE Pro 100 integrators for 2016, having gained headway in the past few years. 2N has not made the CE Pro 100 brand leader board, but anecdotal evidence suggests the company has made inroads into the custom integration channel.
The acquired company has well-established sales channels through electricians and telecom installers, as well as lift manufacturers, which can serve as a complement to Axis Communication’s present global sales channels. At the same time 2N will benefit from Axis’ strong market position and R&D resources, according to the statement.
“The acquisition supports our ambition to contribute to a smarter and safer world. There is an increased customer demand for integrated solutions with open standards that deliver enhanced security. Together with 2N we can meet that demand,” says Peter Lindström, vice president, new business, Axis Communications.
2N has about 200 employees that are staffed globally, according to the company’s Web site. The brand will be maintained and operate as a subsidiary within the Axis group. The joint operations will concern knowledge sharing and assisting each other in R&D and market access. A key joint task will be to accelerate the convergence from analog systems toward IP intercom and develop new opportunities.
“We plan for development and growth for Axis as well as for 2N. The market is growing, and by acquiring 2N we can continue to drive the change in the market,” Lindström says.