MOBOTIX AG Acquires Vaxtor Group (AI-based Video Analytics / ALPR)
January 17, 2022
MOBOTIX AG has reached an agreement to acquire Vaxtor Group, a Tres Cantos, Spain-based provider of AI-driven video analytics specializing in OCR and Automatic License Plate Recognition (ALPR). The acquisition strengthens MOBOTIX's AI and deep learning capabilities and creates commercial and development synergies between Vaxtor's analytics and MOBOTIX's camera platforms and video management software.
- Buyers
- MOBOTIX AG
- Targets
- Vaxtor Group
- Industry
- AI & Machine Learning
- Location
- Community of Madrid, Spain
- Transaction Type
- Buyout
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