The Ministry of Industry approves the acquisition of Vaxtor by Mobotix

After carrying out the transfer of shares and with the approval of the Ministry of Industry, Trade and Tourism, the manufacturer Mobotix finalizes the acquisition of Vaxtor Group with which it reinforces its solutions based on video and AI.

The acquisition of Vaxtor Group, Spanish company of automatic character recognition using video technology, on the part of Mobotix has been a logical consequence of intense cooperation over many years.

Strategic expansion, that was announced last 17 of January after the signing of the agreement to purchase the 100% of the company's shares (more data in Digital Security), is now officially completed with the legal transfer of shares, and with the approval of the Ministry of Industry, Trade and Tourism Spanish.

With this strategic acquisition, Mobotix strengthens its operational business and positioning as a provider of high-end solutions for video-based technology and artificial intelligence.

In addition, the merger strengthens the development cooperation between Vaxtor and Mobotix's development office in Madrid. This enables both companies to more effectively address growing emerging markets and future needs..

"Video technology has long gone beyond pure security applications," he explains. Thomas Lausten, CEO of Mobotix-. Data is the key to the future. The collection, the analysis and connection of large amounts of data opens up completely new possibilities for our customers".

As Lausten emphasizes, "Ai-powered video technology will help protect people and preserve values. It will make life more enjoyable, easier and better. With the combined expertise of Mobotix and Vaxtor we are in an ideal position.".

Vaxtor is a software provider of AI-based video analytics (The), specialized in optical character recognition (OCR) and deep learning.

Development 100% internal, the experience, the continuous investment in R&D and the quality of its products have allowed this company to achieve positive growth and operating results in the period prior to its acquisition by Mobotix.

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