| Konica Minolta entered into share transfer agreement with the major shareholder Dr. Ralf Hinkel Holding GmbH and other shareholders of MOBOTIX AG |
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 ($177 million to $265 million).
MOBOTIX has a number of cutting-edge technologies including decentralised processing (edge computing) IP cameras, image data compression, and image data analytics technologies. In addition, Konica Minolta and MOBOTIX intend to enter into a collaboration agreement regarding future technological developments in the field.
With the acquisition of the stake in MOBOTIX, Konica Minolta intends to achieve the following objectives:
1. Provision of next-generation network security solutions through cooperation in proprietary technologies of both companies
Konica Minolta aims to provide next-generation decentralised network security solutions by leveraging its industrial optical systems, including the 3D-LiDAR to scan, without errors or failed reports, wide areas at a high-precision level based on its proprietary optical technology, and MOBOTIX’s decentralised processing IP cameras and video management software (VMS) with a diversified processor.
2. Development of workflow solutions across verticals
By utilising the technology of both MOBOTIX’s decentralised processing IP cameras and VMS with Konica Minolta’s image sensing system, Konica Minolta will drive development of new products such as “Care Support Solutions” for monitoring residents at nursing care homes, or the solutions for monitoring workflow at manufacturing facilities that can help their workflow innovation.
3. Broadening the distribution of MOBOTIX products and services
Konica Minolta will broaden the distribution of MOBOTIX products and their solution services by leveraging its global direct sales network and after-sales support and services systems.
Acquisition background
Under its medium term management plan “TRANSFORM 2016”, Konica Minolta is determined to become a company that is supported by and is vital to society. In this regard, the company believes it is important to continue providing products and services to help solving social issues, including workflow improvement in workplaces.
Today, society is facing challenges in the increasing need for safety and security and demand for efficiency improvement in response to labour shortage.
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, digitalising data acquired with the company’s proprietary technologies in optical images and sensing.