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LONDON, UK / ACCESSWIRE / November 3, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for HP Inc. (NYSE: HPQ), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=HPQ. The Company announced on November 01, 2017, that it has completed the acquisition of Samsung Electronics Co. Ltd.'s printer business for $1.05 billion. As part of the agreement, the latter will make a $100 million to $300 million equity investment in HP through open market purchases. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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On September 12, 2016, HP announced an agreement to acquire Samsung Electronics' printer business, making it the largest print acquisition in the latter's history. The agreement was aimed to reinvent and replace HP's service-intensive copiers with superior multifunction printing.
Benefits of the Deal
- Expansion of HP's Portfolio - The transaction expands HP's portfolio, accelerates its ability to disrupt the $55B A3 copier segment with superior multifunction printing technology, and strengthens its leading A4 laser printing business.
- Intellectual Property of 6,500 Print Patents - Samsung Electronics also brings compelling intellectual property of more than 6,500 print patents and a world-class workforce of nearly 1,300 researchers and engineers with expertise in laser technology, imaging electronics, and printer supplies and accessories to support continued innovation in print market solutions.
- Offering Strongest Portfolio of A3 Multifunction Printers - The collaboration with Samsung Electronics allows HP to offer the industry the strongest portfolio of A3 multifunction printers that deliver the simplicity of printers with the high performance of copiers, representing HP's largest growth opportunity in the business printing.
- Widespread Opportunities to Grow Managed Print & Document Services - Integrating the Samsung printer business' products, including their mobile-first and cloud-first user experience, with HP's next-generation PageWide technologies, offers opportunities to grow managed print and document services as sales models shift from transactional to contractual.
- Value Added Services to Customers - The deal will provide customers with greater choice, reliability, and uptime, with lower cost of ownership and more affordable color. The combined portfolio also features unmatched security such as HP Connection Inspector, HP Sure Start, Run-time intrusion detection and whitelisting.
Acquisition to Provide Customers and Partners with Unique and Innovative Print Solutions
Commenting on the acquisition, Dion Weisler, President and Chief Executive Officer (CEO) of HP, stated that as the Company ignites a renaissance in printing, it is thrilled to bring together the industry's best and brightest talent. Together, both Companies will build on more than 30 years of print leadership to accelerate its strategy, disrupt new market opportunities, and provide customers and partners with unique and highly innovative print solutions.
About HP Inc.
Founded in 1939, HP (formerly known as Hewlett-Packard Co.) creates technology that makes life better for everyone, everywhere. The Company develops portfolios of printers, PCs, mobile devices, solutions and services for consumers, small and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. HP is headquartered in Palo Alto, California.
About Samsung Electronics' Printer Business
Established in 1982, Samsung Electronics' printing business has been exploring and delivering digital revolution to the printing industry with solutions that transform workplaces into smart offices.
Last Close Stock Review
At the closing bell, on Thursday, November 02, 2017, HP Inc.'s stock marginally fell 0.14%, ending the trading session at $21.44. A total volume of 14.76 million shares have exchanged hands, which was higher than the 3-month average volume of 10.07 million shares. The Company's stock price skyrocketed 10.69% in the last three months, 13.38% in the past six months, and 46.35% in the previous twelve months. Moreover, the stock soared 44.47% since the start of the year. The stock is trading at a PE ratio of 15.44 and has a dividend yield of 2.47%. The stock currently has a market cap of $35.84 billion.
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