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Add-on Acquisition • Information Technology

HP Acquires Synstar

On October 1, 2004, HP acquired information technology company Synstar for 163M GBP

Acquisition Context
  • This is HP’s 6th transaction in the Information Technology sector.
  • This is HP’s 21st largest (disclosed) transaction.
  • This is HP’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date October 1, 2004
Target Synstar
Sector Information Technology
Buyer(s) HP
Deal Type Add-on Acquisition
Deal Value 163M GBP

Target Company

Synstar

Bracknell, United Kingdom
Synstar is a leading independent provider of information technology (IT) services to approximately 1,500 customers across Europe. Synstar has over 2,600 employees and representation in Ireland, Germany, Belgium, Luxembourg, The Netherlands, the UK and Spain. With more than 35 years of experience, Synstar's expertise and capabilities in the area of multi-vendor support and business continuity further strengthen HP's ability to help customers achieve a better return on their IT investments and improve their responsiveness to change.
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Buyer Overview 1

Buyer

HP

Palo Alto, California, United States
Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.6B USD (2024)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is a technology company that focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.

Deal Context for Buyer #
Overall 42 of 98
Sector: Information Technology 6 of 18
Type: Add-on Acquisition 38 of 89
Country: United Kingdom 1 of 5
Year: 2004 5 of 5
Size (of disclosed) 21 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Triaton

Krefeld, Germany

Triaton is one of Germany's largest independent IT service providers.

Buy $464M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-19 Peregrine Systems

San Diego, California, United States

Peregrine System, Inc., develops enterprise solutions that enable organizations to address specific business problems and evolve their IT service and asset management practices for reduced costs, improved productivity and service, and lower risk.

Buy $425M

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