Over the past 60 years, the Target Business has developed its presence by combining advanced edge devices such as security cameras developed to meet the needs of the market, as well as software with features such as face authentication. Through these efforts, it has established a leading brand position in the security camera market in Japan. 

In a statement Polaris says that it believes that security-related businesses will grow in response to increase in the awareness for security and safety. The strategic capital alliance aims to support the newly established company in order to realise exponential growth in this segment.

Polaris has experiences in multiple projects of strategic capital alliances with manufacturers and large-scale companies. Armed with the knowledge and experience cultivated in these projects, it will smoothly and rapidly build the structure necessary for an independent business, while maintaining a firm hand on the strengths and unique characteristics of the business. In addition, it is aimed to strengthen solutions capabilities with an eye to aggressive alliances and M&A strategies, leverage these strengths to expand its earnings base on a global scale, centred on the North American market, provide new products and services for the next generation, and expand sales of camera modules for medical devices. By steadily executing these strategies, the Target Business will strive to maximize its corporate value as an independent company toward IPO in the future.

The transaction is expected to be completed on October 1, 2019, subject to the approval of the relevant authorities.