M&A Deal Summary

HP Acquires Samsung Electronics - Printer Business

On September 12, 2016, HP acquired technology hardware company Samsung Electronics - Printer Business from Samsung Electronics for 1.1B USD

Acquisition Highlights
  • This is HP’s 20th transaction in the Technology Hardware sector.
  • This is HP’s 13th largest (disclosed) transaction.
  • This is HP’s 1st transaction in South Korea.

M&A Deal Summary
Date 2016-09-12
Target Samsung Electronics - Printer Business
Sector Technology Hardware
Buyer(s) HP
Sellers(s) Samsung Electronics
Deal Type Divestiture
Deal Value 1.1B USD

Target

Samsung Electronics - Printer Business

Seoul, South Korea
website
Samsung Electronics Co., Ltd.’s printing business delivers digital offerings to the printing industry with solutions that change workplaces into smart offices. Samsung’s printer business also brings an intellectual property portfolio of more than 6,500 printing patents and a world-class workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics, and printer supplies and accessories to support continued innovation in print market solutions.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States

website

Category Company
Founded 1939
Sector Technology Hardware
Employees51,000
Revenue 63.0B USD (2022)
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. The Group focuses on providing hardware, printers, and personal computing products. The original Hewlett-Packard Co. dates back to 1939 and the new entity was formed in November 2015. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 89 of 95
Sector (Technology Hardware) 20 of 22
Type (Divestiture) 6 of 7
Country (South Korea) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 13 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 HP - Customer Communications Management Assets

California, United States

HP, Inc. - Customer Communications Management Assets is a provider of communication services.

Sell $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Apogee

Maidstone, United Kingdom

Apogee Corporation Ltd. is an office equipment dealer (OED) and independent provider of print, outsourced services, and document and process technology. Apogee Corp. was founded in 1993 and is based in Maidstone, United Kingdom.

Buy £380M

Seller(S) 1

SELLER

Samsung Electronics

Suwon, South Korea

website

Category Company
Founded 1938
Sector Electronics
Employees106,074
Revenue 279,604.8B KRW (2021)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.

DEAL STATS #
Overall 6 of 7
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 6 of 7
Country (South Korea) 3 of 4
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Dacor

Costa Mesa, California, United States

Dacor, Inc. is a manufacturer of proprietary, branded ultra-premium kitchen appliances. Designed and built in California, Dacor’s cooking appliances integrate function and technology to create high-performing, intuitive products that reflect the lifestyle and needs of the passionate cook. Dacor has been responsible for many of the cooking innovations that have improved the way people prepare meals in the modern kitchen. Dacor is family-owned and embraces the legacy, heritage and expertise of multiple generations to lead the company into a new age of cooking innovation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Viv Labs

San Jose, California, United States

Viv Labs, Inc. is an artificial intelligence platform that enables developers to distribute their products through an intelligent, conversational interface.

Buy -
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