Axis Selling Citilog To TagMaster
Ray Mauritsson, Axis Communications.
Axis Communications is selling its subsidiary Citilog SAS to TagMaster AB. The transaction is expected to close on April 30th. Axis will continue to cooperate with Citilog and TagMaster as partners.
Axis acquired Citilog in early 2016 with the purpose to expand Axis offering in the transportation segment. Following the acquisition, Citilog operated as an independent entity in the Axis group.
“Axis and Citilog have different go-to-market models that have proven challenging to integrate. We believe we can benefit more from having a close partnership with Citilog and TagMaster, with Citilog being a subsidiary to TagMaster,” says Axis CEO Ray Mauritsson.
TagMaster is an application-driven technology company with business segments including traffic solutions and rail solutions. TagMaster was founded in 1994 and has its headquarters in Kista, Sweden. They are already established in Axis partner network.
“We will, in close cooperation with all our partners, continue to offer products and solutions to customers in all segments, including transportation and traffic management,” said Axis CEO, Ray Mauritsson.