Story image

HP takes hold of Samsung’s printer business in $1b deal

02 Nov 17

Hewlett Packard (HP) has completed its acquisition of Samsung’s printer business in a deal worth $1.05 billion.

With the acquisition approved today by the Chinese government, the company is set to disrupt the $55 billion A3 copier market while strengthening its current A4 laser printing business.

Samsung will bring a broad portfolio of intellectual property to the acquisition including more than 6,500 print patents and a workforce of nearly 1,300 researchers and engineers specialising in laser technology, imaging electronics and supplies and accessories.

“As we ignite a renaissance in printing, we’re thrilled to bring together the industry’s best and brightest talent,” says HP’s CEO and president Dion Weisler.

“Together, we will build on more than 30 years of print leadership to accelerate our strategy, disrupt new market opportunities, and provide our customers and partners with unique and highly innovative print solutions.”

The acquisition results in a combined portfolio of A3 multifunction printers, next generation PageWide technologies, and security components including HP Connection Inspector, HP Sure Start, Run-time intrusion detection and whitelisting.

The fully integrated portfolio offers opportunities to grow managed print and document services as sales models shift from transactional to contractual.

HP will provide more financial guidance on its Q4 2017 earnings call. As part of the agreement, Samsung will be making a $100 million to $300 million equity investment in HP through open market purchases.

Dell EMC embeds security in latest servers
Dell EMC's 14th generation of PowerEdge servers has comprehensive management tools to provide security across hardware and firmware.
Hands-on review: The Logitech R500 laser presentation remote
With a clever ergonomic design, you’ll never have to glance at the device, unless you deliberately look to use the built-in laser pointer to emphasise your presentation.
Review: Should you buy the Fitbit Charge 3?
If you are new the to the world of wearables you might be wondering if Fitbit’s new offering is a good first step. Maybe I can help with that.
The disaster recovery-as-a-service market is on the rise
As time progresses and advanced technologies are implemented, the demand for disaster recovery-as-a-service is also expected to increase.
Cohesity signs new reseller and cloud service provider in Australia
NEXION Networks has been appointed as an authorised reseller of Cohesity’s range of solutions for secondary data.
Dell dominates enterprise storage market, HPE declines
The enterprise storage system market continues to be a goldmine for most vendors with demand relentlessly rising year-on-year.
Lenovo DCG moves Knight into A/NZ general manager role
Knight will now relocate to Sydney where he will be tasked with managing and growing the company’s data centre business across A/NZ.
Avnet to boost AI/IoT solutions with acquisition
The acquisition of Softweb Solutions adds software and artificial intelligence to Avnet’s ecosystem and bolsters its IoT capabilities.