P Inc. has completed the acquisition of Samsung Electronics Co., Ltd.’s printer business in a deal valued at `Rs. 7035 crore. The combination with Samsung expands HP’s portfolio, accelerates its ability to disrupt the `Rs. 368,500 crore A3 copier segment with superior multifunction printing technology, and strengthens its leading A4 laser printing business. Samsung also brings compelling intellectual property of more than 6500 print patents and a world-class workforce of nearly 1300 researchers and engineers with expertise in laser technology, imaging electronics, and supplies and accessories.
With Samsung, HP now offers the industry’s strongest portfolio of A3 multifunction printers that deliver the simplicity of printers with the high performance of copiers. The fully integrated portfolio, including next-generation PageWide technologies, offers opportunities to grow managed print and document services as sales model shift from transactional to contractual. Customers will have 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, making them the world’s most secure printers.
“As we ignite a renaissance in printing, we’re thrilled to bring together the industry’s best and brightest talent. Together, we will build on more than 30 years of print leadership to accelerate our strategy, disrupt new market opportunities, and provide our customers and partners with unique and highly innovative print solutions.”
President and CEO,