Add-on Acquisition • Technology Hardware

Hewlett Packard Enterprise Acquires Juniper Networks

On January 9, 2024, Hewlett Packard Enterprise acquired technology hardware company Juniper Networks for 14.0B USD

Acquisition Context
  • This is Hewlett Packard Enterprise’s 4th transaction in the Technology Hardware sector.
  • This is Hewlett Packard Enterprise’s largest (disclosed) transaction.
  • This is Hewlett Packard Enterprise’s 16th transaction in the United States.
  • This is Hewlett Packard Enterprise’s 10th transaction in California.

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M&A Deal Summary

Date January 9, 2024
Target Juniper Networks
Sector Technology Hardware
Buyer(s) Hewlett Packard Enterprise
Deal Type Add-on Acquisition
Deal Value 14.0B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target Company

Juniper Networks

Sunnyvale, California, United States
Entrance to Juniper's corporate campus in Sunnyvale, California.
Entrance to Juniper's corporate campus in Sunnyvale, California.
Juniper Networks designs, develops, and sells products and services for high-performance networks to enable customers to build networks for their businesses. Juniper Networks was founded in 1996 and is based in Sunnyvale, California.
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Buyer Overview 1

Buyer

Hewlett Packard Enterprise

Spring, Texas, United States

Category Company
Founded 1939
Sector Information Technology
Employees61,000
Revenue 30.1B USD (2024)
DESCRIPTION
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.

Hewlett Packard Enterprise (HPE) is a global enterprise information technology company that offers a variety of products, services, and solutions to businesses and organizations. Its portfolio includes cloud computing solutions, servers, storage, networking equipment, and a range of IT services aimed at helping customers optimize their IT operations, secure their operations, and accelerate digital transformation. HPE focuses on delivering solutions that enable businesses to improve their efficiency, scale their operations, and innovate in their respective markets. HPE was founded in 2015, as a result of the splitting of the original Hewlett-Packard Company into two separate companies, with HPE focusing on the enterprise technology infrastructure, software, and services segments. HPE was founded in 1939 and is headquartered in Spring, Texas.


Deal Context for Buyer #
Overall 20 of 21
Sector: Technology Hardware 4 of 4
Type: Add-on Acquisition 18 of 18
State: California 10 of 10
Country: United States 16 of 17
Year: 2024 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 OpsRamp

San Jose, California, United States

OpsRamp provides cloud-based IT operations management SaaS solutions for observability of infrastructure, application, and network performance metrics. OpsRamp’s solution is horizontal, with broad applicability across a number of enterprise end-markets, including the Life Sciences, Information Technology, Financial Services, and Telecommunications industries. OpsRamp was founded in 2014 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 Hewlett Packard s Communications Technology Group

Spring, Texas, United States

Hewlett Packard's Communications Technology Group offers IP, solutions and systems integration around Business Support Systems (BSS), network applications, service cloudification, and data intelligence.

Buy -