HP Inc. has announced a definitive agreement to acquire Samsung’s printer business in a deal valued at $1.05 billion.
According to Industry Analysts, this is the largest print acquisition in HP’s history and accelerates its growth opportunities in the copier segment, strengthens its laser printer portfolio and paves the way for future innovation.
This HP acquisition positions them to reinvent the $55 billion copier industry, a segment that hasn’t innovated in decades. These outdated machines require frequent service, and HP is intending to replace them with MFP technology.
The Samsung business brings a compelling intellectual property portfolio of more than 6,500 printing patents and a world-class workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics.
According to Industry Analysts, this is the largest print acquisition in HP’s history and accelerates its growth opportunities in the copier segment, strengthens its laser printer portfolio and paves the way for future innovation.
This HP acquisition positions them to reinvent the $55 billion copier industry, a segment that hasn’t innovated in decades. These outdated machines require frequent service, and HP is intending to replace them with MFP technology.
The Samsung business brings a compelling intellectual property portfolio of more than 6,500 printing patents and a world-class workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics.
