Konica Minolta Acquires MOBOTIX
Konica Minolta, Inc. recently announced that the company has entered into share transfer agreement with the major shareholder Dr. Ralf Hinkel Holding GmbH, and other shareholders of MOBOTIX AG, a German manufacturer of video surveillance systems, regarding the acquisition of the MOBOTIX shares held by them comprising approximately 65% of the share capital of MOBOTIX.
The deal is estimated at between 20 billion yen and 30 billion yen which is equivalent to $177 million to $265 million in USD.
With the acquisition of MOBOTIX, Konica Minolta hopes to achieve several things, including the provision of Next-generation Network Security Solutions through cooperation in proprietary technologies of both companies. Konica Minolta also wants to develop a workflow of solutions across verticals and broaden the distribution of products.
Konica Minolta enters into this transaction to accelerate the breadth of its solution services business that can help customers solve their issues in various fields, digitalizing data acquired with the company’s proprietary technologies in optical images and sensing.