M&A Deal Summary

HP Acquires Convex Computer

On September 22, 1995, HP acquired technology hardware company Convex Computer for 150M USD

Acquisition Highlights
  • This is HP’s 8th transaction in the Technology Hardware sector.
  • This is HP’s 24th largest (disclosed) transaction.
  • This is HP’s 12th transaction in the United States.
  • This is HP’s 1st transaction in Texas.

M&A Deal Summary
Date 1995-09-22
Target Convex Computer
Sector Technology Hardware
Buyer(s) HP
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Convex Computer

Richardson, Texas, United States
Convex, which is based in Richardson, Tex., and has 850 employees worldwide, will bring its technology and supercomputer expertise to Hewlett-Packard.

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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 13 of 96
Sector (Technology Hardware) 8 of 22
Type (Add-on Acquisition) 12 of 87
State (Texas) 1 of 9
Country (United States) 12 of 76
Year (1995) 2 of 3
Size (of disclosed) 24 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-06-15 CaLan

United States

Calan Inc., a Wilkes-Barre manufacturer of testing hardware for cable television operators, to develop a software test and network management system for cable television and broadband networks. The software would increase the reliability and servicing of of cable television service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-12-21 ElseWare

Seattle, Washington, United States

ElseWare. Seattle-based ElseWare develops printing and publishing software.

Buy -
Mergr

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