archiveHP Inc. Samsung Printing Business

News

HP To Buy Samsung’s Printing Business For Over $1 Bn

HP has announced to acquire Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. According to the official press release, Samsung Electronics will sell the entire global operations and assets of its printing business to HP. This is the largest print acquisition in HP’s history and accelerates its growth opportunities in the copier segment. The deal also strengthens its leading laser printing portfolio that has been established with Canon. Samsung will spin off the Printing Business Unit into a separate company as of Nov. 1 upon the...