HP Mergers and Acquisitions Summary

Technology Hardware Company

HP has acquired 95 companies, including 8 in the last 5 years. A total of 20 acquisitions came from private equity firms. It has also divested 13 assets.

HP’s largest acquisition to date was in 2002, when it acquired Compaq Computer for $25.0B. It’s largest disclosed sale occurred in 2016, when it sold HP - Customer Communications Management Assets to OpenText for $315M. HP has acquired in 20 different US states, and 13 countries. The Company’s most targeted sectors include software (39%) and technology hardware (22%).

Join Mergr and gain access to HP’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the technology hardware sector.

M&A Summary

  • M&A Total Activity104
    • M&A Buy Activity91
    • M&A Sell Activity13
  • Total Sectors Invested 14
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 38
  • M&A Advisors 11

HP Inc.

1501 Page Mill Road,
Palo Alto, California 94304
United States,
(650) 857-1501
www.hp.com

HP Inc. 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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 88 1 - 1 1 - 91
vol $71.6B $1.1B $585M $73.3B
Sell (0.2/yr) # 12 1 - - - - 13
vol $89M $315M $404M
  104

Most Recent M&A

Company Date Value Type
Bromium Inc. 2019-09-19 - Add-on Acquisition
Cupertino, California · www.bromium.com
Apogee Corporation Ltd. 2018-08-01 585M GBP Add-on Acquisition
Maidstone, United Kingdom · www.apogeecorp.com
Samsung Electronics Co., Ltd. - Printer Business 2016-09-12 1.1B USD Divestiture
Seoul, South Korea · www.samsungprintingsolutions.com
HP, Inc. - Customer Communications Management Assets 2016-06-20 315M USD Divestiture
, California
Hewlett Packard Enterprise Co. 2015-11-01 - Spin Off
San Jose, California · www.hpe.com
ConteXtream 2015-05-26 - Add-on Acquisition
Mountain View, California · www.contextream.com
Snapfish 2015-04-21 - Add-on Acquisition
San Francisco, California · www.snapfish.com
Aruba Networks, Inc. 2015-03-02 2.7B USD Add-on Acquisition
Sunnyvale, California · www.arubanetworks.com
Voltage Security, Inc. 2015-02-09 - Add-on Acquisition
Cupertino, California · www.voltage.com
Shunra Software Ltd. 2014-05-01 25M USD Add-on Acquisition
Philadelphia, Pennsylvania · www.shunra.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Snapfish    - CafePress, Inc. 2018-09-28 2
San Francisco, California · www.snapfish.com Louisville, Kentucky · www.cafepressinc.com
Autonomy Corp. plc    - Yield Software, Inc. 2011-09-01 3
Cambridge, United Kingdom · www.autonomy.com San Mateo, California
Autonomy Corp. plc    - Iron Mountain's Digital Storage 2011-05-16 2
Cambridge, United Kingdom · www.autonomy.com , Massachusetts
Snapfish    - Motionbox - Video Platform Technology 2010-07-20 1
San Francisco, California · www.snapfish.com , United States
Electronic Data Systems Corp. 2008-08-26 Mphasis Ltd. 2008-08-26 1
Plano, Texas · www.eds.com Bangalore, India · www.mphasis.com
Knightsbridge Solutions LLC 2006-12-12 Axsium Group, Inc. 2008-07-03 1
Chicago, Illinois · www.knightsbridge.com Toronto, Ontario · www.axsiumgroup.com
Autonomy Corp. plc    - Zantaz, Inc. 2007-07-03 1
Cambridge, United Kingdom · www.autonomy.com Pleasanton, California · www.zantaz.com
Compaq Computer Corp.    - Zip2 1999-02-16 6
Houston, Texas · www.compaq.com Palo Alto, California · www.zip2.com
Compaq Computer Corp.    - Digital Equipment Corp. 1998-01-26 5
Houston, Texas · www.compaq.com Maynard, Massachusetts
Compaq Computer Corp.    - Microcom, Inc. 1997-07-01 4
Houston, Texas · www.compaq.com Norwood, Massachusetts

M&A by Sector

Sector Buy # Value Sell # Value
Software 35 (38%) 12.6B (17%) - -
Technology Hardware 20 (22%) 33.2B (45%) 1 (8%) -
Information Technology 17 (19%) 27.0B (37%) 4 (31%) 89M (22%)
Internet Software and Services 7 (8%) - 3 (23%) -
Business Services 3 (3%) - 1 (8%) -
Medical Products 1 (1%) 140M (< 1%) 1 (8%) -
Test/Measurement Equipment 1 (1%) - 1 (8%) -
Construction 1 (1%) - - -
Healthcare Services 1 (1%) - - -
Machinery 1 (1%) - - -
Manufacturing 1 (1%) - - -
Marketing 1 (1%) 230M (< 1%) - -
Publishing 1 (1%) 118M (< 1%) - -
Staffing 1 (1%) - - -
Communications - - 1 (8%) 315M (78%)
Semiconductors - - 1 (8%) -
Total 91 $73.3B 13 $404M

By Geo

State/Country Buy Value Sell Value
United States 73 59.0B 13 404M
  California 24 15.5B 6 315M
  Texas 8 39.1B 1 -
  Massachusetts 8 3.1B 1 -
  Washington 4 170M 1 -
  Pennsylvania 3 239M - -
  Georgia 3 230M - -
  Colorado 3 360M - -
  New Hampshire 2 - 1 -
  New Jersey 2 369M - -
  Utah 1 - 1 -
  North Carolina 1 - 1 -
  Oregon 1 - - -
  New York 1 - - -
  Minnesota 1 - - -
  Michigan 1 - - -
  Kentucky 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
  Connecticut 1 - - -
United Kingdom 4 12.5B - -
Germany 3 464M - -
Canada 2 - - -
  Ontario 1 - - -
  Alberta 1 - - -
Australia 1 78M - -
Bahrain 1 - - -
Ireland 1 - - -
Israel 1 118M - -
New Zealand 1 - - -
Singapore 1 - - -
South Korea 1 1.1B - -
Sweden 1 - - -
Switzerland 1 - - -
Domestic 73 (80%) 59.0B (81%) 13 (100%) 404M (100%)
Cross-border 18 (20%) 14.2B (19%) - -
Total 91 $73.3B 13 $404M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
3
Lehman Brothers, Inc.
2
Barclays Investment Bank
1
Legal Deals
Gibson, Dunn & Crutcher LLP
1
Wilson Sonsini Goodrich & Rosati
1
Drinker Biddle & Reath LLP
1

Deal Values

buy # Total
> $1B 12 $69.4B
$100M to $1B 12 $3.6B
< $100M 6 $240M
TOTAL $73.3B
Largest Compaq Computer Corp.
$25.0B (2002-05-03)
sell # Total
$100M to $1B 1 $315M
< $100M 1 $89M
TOTAL $404M
Largest HP, Inc. - Customer Communications Management Assets
$315M (2016-06-20)

M&A Connections

Deals %
Acquired from
PE Firm(s)
71%
20 71%
Strategic(s)
29%
8 29%
Divested to
PE Firm(s)
25%
3 25%
Strategic(s)
75%
9 75%

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