Axis Communications, the industry leader in network video, today announced the acquisition of FF Group, an innovative provider of license plate verification solutions. With the acquisition, Axis is well-positioned to continue to drive innovation and growth in the traffic solutions market, delivering enhanced value to partners and customers.
– The market for traffic applications is growing. Acquiring FF Group will strengthen our competitiveness, knowledge, and capabilities in license plate verification, further solidifying our leadership in the industry, says Axis Communications CEO Ray Mauritsson.
Headquartered in Prague, Czech Republic, FF Group is well-recognized for its leading role in license plate verification applications. The acquisition will provide Axis with an enhanced toolbox to develop and expand in the growing market of traffic solutions, leveraging FF Group’s advanced analytics capabilities that extend beyond the traffic segment.
– FF Group has been a valued partner to Axis since 2017, delivering competitive and innovative applications, as well as expert knowledge. I’m very pleased to welcome FF Group to Axis, and I am confident that this acquisition will drive value creation for our customers, says Ray Mauritsson.
An integration process will now be initiated for FF Group to join the Axis organization. During this integration process, Axis and FF Group will focus on ensuring seamless business continuity for their customers.
About FF Group
Founded in 2016 and headquartered in Prague, FF Group is an edge AI and data analytics expert serving the transportation and security markets in more than 30 countries. The company develops intelligent software that combines license plate recognition, intelligent data processing, and camera-to-camera communication technologies. Read more on https://www.ff-group.ai/.
Axis enables a smarter and safer world by improving security, safety, operational efficiency, and business intelligence. As a network technology company and industry leader, Axis offers video surveillance, access control, intercoms, and audio solutions. These are enhanced by intelligent analytics applications and supported by high-quality training.
Axis has around 5,000 dedicated employees in over 50 countries and collaborates with technology and system integration partners worldwide to deliver customer solutions. Axis was founded in 1984, and the headquarters are in Lund, Sweden.