M&A Deal Summary

HP Acquires Poly

On March 28, 2022, HP acquired technology hardware company Poly for 3.3B USD

Acquisition Highlights
  • This is HP’s 22nd transaction in the Technology Hardware sector.
  • This is HP’s 5th largest (disclosed) transaction.
  • This is HP’s 75th transaction in the United States.
  • This is HP’s 26th transaction in California.

M&A Deal Summary
Date 2022-03-28
Target Poly
Sector Technology Hardware
Buyer(s) HP
Deal Type Add-on Acquisition
Deal Value 3.3B USD

Target

Poly

Santa Cruz, California, United States
Plantronics' corporate headquarters in Santa Cruz, California.
Plantronics' corporate headquarters in Santa Cruz, California.
Poly is a designer, manufacturer, and marketer of headsets and wireless communications products. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing, and tracking, while NoiseBlockAI and Acoustic Fence technologies block out unwanted background noise. Poly was founded in 1961 and is based in Santa Cruz, California.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States
Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.7B USD (2023)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. HP focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 95 of 95
Sector (Technology Hardware) 22 of 22
Type (Add-on Acquisition) 86 of 86
State (California) 26 of 26
Country (United States) 75 of 75
Year (2022) 2 of 2
Size (of disclosed) 5 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Choose Packaging

Edinburgh, United Kingdom

Choose Packaging is a packaging development company and inventor of the only commercially available zero-plastic paper bottle in the world. Choose Packaging was founded in 2018 and is based in Edinburgh, Scotland.

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