HP buys Samsung printing equipment business for more than 1 billion

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POSTER: computer news   ||    HP BUYS SAMSUNG PRINTING EQUIPMENT BUSINESS FOR MORE THAN 1 BILLION	DATE:2016-09-13
Yesterday we wrote about the fact that HP is planning to strengthen its position in the market of copiers, and we now know how it will happen. Companies HP Inc and Samsung Electronics today announced an agreement under which HP Inc acquires  Samsung unit, engaged in the production of  printing equipment. The deal amounted to 1.05 billion US dollars. Despite the market contraction printing and copying equipment,  HP believes that this transaction will enable  market refresh  , as well as   strengthen its position. The main objective, the company aims to oust from the corporate segment of the complex and expensive to maintain copying machines, replacing them with new MFPs. Of course, this will take place through the use of Samsung D, which, among other things, bad succeeded in MFIs, including  office. Over the past year, by the way, a division of Samsung printing technology has brought about $ 1.8 billion in revenue. After closing the transaction, which will take place in about a year, due to various approvals from the regulatory authorities, HP shall receive department, which now employs about 6,000 employees, of which 1300 are qualified researchers and developers. Additionally, HP get list of more than 6500 patients in the field of printing technology and printers. Finally,  Samsung agreed to invest after closing at HP, through the purchase of shares on the open market, in the amount of $ 100 to $ 300 million. Related Products :

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