Axis Communications strengthens its portfolio of traffic solutions with the acquisition of FF Group

Axis Communications, a company in the network video sector, has acquired FF Group, an innovative provider of vehicle license plate recognition solutions. With this acquisition, Axis Communications has positioned itself ideally to further drive innovation and growth in the traffic solutions market and offer additional value to its partners and customers.

«The market for transportation applications is growing steadily. The acquisition of FF Group will enable us to build additional expertise and capacity in the area of license plate recognition and further strengthen our leading position in the industry,» says Ray Mauritsson, CEO of Axis Communications.

Headquartered in Prague, FF Group is a leading provider of license plate recognition applications. The acquisition of the company gives Axis Communications an expanded portfolio of tools for development and expansion in the continuously growing market for traffic solutions. In addition, FF Group's advanced analytics capabilities can also be used in application scenarios beyond the traffic sector.

«The FF Group has been a valued partner of Axis Communications since 2017, supporting us with innovative and competitive applications and valuable expertise. I am delighted to welcome the FF Group as part of Axis Communications and am confident that this acquisition will create additional value for our customers,» says Ray Mauritsson.

The integration process to incorporate FF Group into the organizational structure of Axis Communications is now underway. As part of this process, Axis Communications and FF Group will focus on ensuring seamless business continuity for their customers.

Source: Axis