M&A Deal Summary

TagMaster Acquires Citilog

On April 29, 2021, TagMaster acquired information technology company Citilog from Axis

Acquisition Highlights
  • This is TagMaster’s 1st transaction in the Information Technology sector.
  • This is TagMaster’s 1st transaction in France.

M&A Deal Summary

Date 2021-04-29
Target Citilog
Sector Information Technology
Buyer(s) TagMaster
Sellers(s) Axis
Deal Type Divestiture

Target

Citilog

Bagneux, France
Citilog is a provider of intelligent real-time video monitoring for traffic and transportation security and safety. Citilog was founded in 1997 and is based in Bagneux, France.

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Buyer(S) 1

Buyer

TagMaster

Kista, Sweden

Category Company
Founded 1994
Sector Information Technology
Employees164
Revenue 420M SEK (2024)
DESCRIPTION

TagMaster is an application-driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision, and magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster was founded in 1994 and is based in Kista, Sweden.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Quercus

Reus, Spain

Quercus designs and manufactures advanced video analytics solutions for parking access control and parking information systems that maximize the efficiency of parking facilities and improve the customers’ parking experience. It is a consolidated company in the parking sector with installations worldwide in more than 60 airports, 80 shopping centers, hotels, universities, public institutions, hospitals, condominiums, and offices. Quercus is headquartered in Reus, Spain.

Buy -

Seller(S) 1

SELLER

Axis

Lund, Sweden

Category Company
Founded 1984
Sector Technology Hardware
Revenue 6.6B SEK (2015)
DESCRIPTION

Axis offers intelligent security solutions that enable a smarter, safer world. The company drives the industry by continually launching innovative network products based on an open platform - delivering high value to customers through a global partner network. It has long-term relationships with partners and provides them with knowledge and ground-breaking network products in existing and new markets. Axis was formed in 1984 and is based in Lund, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Cognimatics AB

Lund, Sweden

Cognimatics AB is a provider of store optimization solutions targeting the retail sector. Cognimatics offers a suite of video analytics applications that can be used to provide retailers with insightful behavioral intelligence that helps optimize their operations, improve customer experience, and enhance security and safety.

Buy -