M&A Deal Summary

HP Acquires Electronic Data Systems

On August 26, 2008, HP acquired information technology company Electronic Data Systems for 13.9B USD

Acquisition Highlights
  • This is HP’s 12th transaction in the Information Technology sector.
  • This is HP’s 2nd largest (disclosed) transaction.
  • This is HP’s 57th transaction in the United States.
  • This is HP’s 7th transaction in Texas.

M&A Deal Summary
Date 2008-08-26
Target Electronic Data Systems
Sector Information Technology
Buyer(s) HP
Deal Type Add-on Acquisition
Deal Value 13.9B USD
Advisor(s) Citigroup Investment Banking
Evercore Group (Financial)

Target

Electronic Data Systems

Plano, Texas, United States
Electronic Data Systems Corp. is a multinational information technology equipment and services company.

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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 71 of 96
Sector (Information Technology) 12 of 17
Type (Add-on Acquisition) 65 of 87
State (Texas) 7 of 9
Country (United States) 57 of 76
Year (2008) 6 of 7
Size (of disclosed) 2 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 Colubris Networks

Waltham, Massachusetts, United States

Colubris Networks Inc., provides organizations with advanced wireless networking solutions that unify and integrate with existing network infrastructures, as well as security and management systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 LeftHand Networks

Boulder, Colorado, United States

LeftHand Networks is privately held and headquartered in Boulder, Colo. It has 215 employees and more than 500 resellers and distributors worldwide. The company has more than 11,000 installations across 3,000 different customers.

Buy $360M
Mergr

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