HP acquires Samsung print division

Palo Alto, Calif., and Suwon, South Korea, Sept. 12, 2016 — HP Inc. (NYSE: HPQ), the world leader in printing, today announced a definitive agreement to acquire Samsung Electronics Co., Ltd.’s (005930.KS) printer business in a deal valued at $1.05 billion.

Samsung has built a formidable portfolio of A3 MFPs that deliver the performance of copiers with the power, simplicity, reliability and ease-of-use of printers and with as few as seven replaceable parts. Integrating the Samsung printer business’ products, including their mobile-first and cloud-first user experience, with HP’s next-generation PageWide technologies will create a breakthrough portfolio of printing solutions with the industry’s best device, document, and data security.

Infolaser, a current Samsung and HP partner, will leverage this new partnership to deliver industry leading MPS solutions for their customers.

For more information, please visit: https://press.ext.hp.com/us/en/press-releases/2016/hp-inc--accelerates-disruption-of--55b-copier-segment-with-acqui.html

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