Largest acquisition in HP’s history
HP, the world leader in printing, recently confirmed they have reached an agreement with Samsung Electronics to purchase its printer business. This acquisition gives the company a stronger existence in the A3 copier market. HP will gain 6,500 printing patents and about 6,000 employees. The company intends to keep Samsung’s presence in South Korea as is.
HP plans to continue the Samsung brand for about two years before being integrated under the HP branding. Some of Samsung technologies will be integrated with HP’s existing product lines to create a new portfolio of products. There is also an opportunity for some HP technology to migrate to Samsung models.
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