Deal valued at $1.1 billion
In September 2016, Hewlett-Packard (HPQ) stated that it intended to acquire Samsung’s (SSNLF) printer business in a deal valued at $1.1 billion. HPQ is looking to disrupt the printer space using multifunction printer (or MFP) technology. MFP technology will replace traditional copiers, and Samsung currently has a portfolio of A3 MFPs. This acquisition will be Hewlett-Packard’s largest in the printing segment.
HPQ’s CEO, Dion Weisler, stated, “The acquisition of Samsung’s printer business allows us to deliver print innovation and create entirely new business opportunities with far better efficiency, security, and economics for customers.”
Following the acquisition, HPQ will have access to Samsung’s 6,500 printing patents as well as its workforce of 1,300 engineers and researchers. The acquisition is expected to close in 2017, pending regulatory reviews and customary closing contracts. Samsung has stated that following the acquisition, it will make an equity investment of between $100 million and $300 million in HPQ through open-market purchases.
HPQ acquired David 3D Solutions in June 2016
In June 2016, Hewlett-Packard announced that it had acquired German-based (FGM) David 3D Solutions. The acquisition has provided HPQ with the technology to continue to evolve “Sprout 3D and advance its market opportunities in both Immersive Computing and the $7 billion 3D scanning market.”
HPQ wants to build an end-to-end 3D solutions ecosystem, and it believes that its acquisition of David will bring it one step closer to its goal. The terms of the acquisition weren’t disclosed.