Mobotix Acquires AI Specialist Vaxtor Group

Mobotix says the acquisition is a significant step in strengthening its artificial intelligence and deep learning capabilities.

LANGMEIL, Germany — Mobotix announces it has reached an agreement to acquire Vaxtor Group, a leading artificial intelligence (AI)-based video analytics provider specializing in optical character recognition (OCR) and deep learning technologies.

Based in Tres Cantos, Spain, Vaxtor has a global customer base across 50 countries, delivering both camera agnostic and at the edge video analytics in various sectors.

Its analytics technology, used in combination with cameras, allows the automated capture of letters, numbers or other machine and human readable data and enables such information to be recorded and processed cost-effectively at high-speed and trigger any related processes, according to the company.

This is both a facilitator and accelerator for Mobotix’s vertical market strategy as the use of these technologies can be applied in areas such as, government, retail and transportation sectors, but also, for example, in the tracking of containers, vehicles and aircraft the areas of logistics and manufacturing, the announcement states.

In addition, Vaxtor’s products are tailor made for the Mobotix 7 high performance camera platform, meaning its analytics apps can be run decentralized onboard the camera, removing the need for peripheral hardware. They are also integrated into the Mobotix HUB video management software.

Mobotix says the acquisition offers extensive commercial and development possibilities and synergy effects, in particular the opportunity for close development collaboration between Vaxtor and the recently formed Mobotix development office in Madrid, all of which will allow both companies to address emerging growth markets or future requirements more effectively.

“This acquisition is a significant step in our strategy of strengthening our artificial intelligence and deep learning capabilities and, whilst Vaxtor will continue to operate as a standalone company, is based on compelling commercial and development synergies and clear strategic benefits for both parties,” says Mobotix CEO Thomas Lausten.

Juan Vercher, CEO and founder of Vaxtor, adds, “I am thrilled at the possibilities this acquisition brings to Vaxtor. Not only can we continue to operate as a standalone company and grow our existing business relationships, but the opportunity to have closer strategic collaboration, both technically and commercially, with a company of Mobotix’s stature is exactly the catalyst needed to propel our ambitious growth strategy“.

Financial details were not disclosed. The acquisition is expected to close in Q1 of 2022.

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