MOBOTIX confirms its strategic expansion and strengthens its operational business by reaching an official agreement to acquire Vaxtor Group (Vaxtor), Tres Cantos, Spain, an Artificial Intelligence (AI) based video analytics provider, specialising in Optical Character Recognition (OCR) and Deep Learning technologies.
Vaxtor’s OCR analytics technology, and in particular their Automatic License Plate Recognition (ALPR) products, provide a wide range of solutions for numerous vertical market segments. With 100% in-house development, their technical vision, expertise, continuous R&D investment and product quality have secured year-on-year growth and healthy operating profits.
