In September 2016, the United States Hewlett-Packard announced a $ 1.05 billion acquisition of Samsung Electronics's printer business.Now, HP issued a statement announced that the transaction has been officially completed.
It is understood that through this transaction, HP from the hands of Samsung received more than 6500 print patents, but also a large number of employees, including 1,300 researchers, engineers, their laser technology, imaging electronics, supplies and accessories have a wealth of experience.
Hewlett-Packard completed the acquisition of Samsung printer business expansion product line Hewlett-Packard said in a statement, through the acquisition, HP can expand the product line, with a multi-function printer to subvert the A3 copier market, while the A3 copier market size of about $ 55 billion. HP multi-function printer both the simplicity of the printer and the copier High performance, easy to use, and the same performance and copiers.
At the same time, with the sales model from the transaction to the contract type change, HP fully integrated product portfolio, including its unique next-generation page width technology for the development of printing management and document services to provide new opportunities.
In addition, Hewlett-Packard will disclose more financial guidance data at the Q14 quarterly financial conference call in 2017. Under the agreement, Samsung will invest $ 100 million to $ 300 million in equity through the open market.
