It’s Official: HP Completes Acquisition of Samsung’s Printing Business
HP Inc. reported this morning that it had completed its acquisition of Samsung Electronics’s Printing Solutions group – now called S-Printing Solution Company – for $1.05 billion.
HP says that the acquisition will help it accelerate its disruption of the $55 billion global copier/MFP market with “superior and secure multifunction printers.”
According to HP, A3 copier/MFPs – machines that print on up to 11″x17″ media and typically feature copy, print, and scan – represent its largest growth opportunity in business printing. Its says the Samsung acquisition expands HP’s portfolio, accelerating its ability to disrupt the $55 billion A3 copier/MFP segment with superior multifunction printing technology, and strengthens its leading A4 laser-printer business. It also says that Samsung brings compelling intellectual property of more than 6,500 print patents and a workforce of nearly 1,300 researchers and engineers with expertise in laser technology, imaging electronics, and supplies and accessories.
“As we ignite a renaissance in printing, we’re thrilled to bring together the industry’s best and brightest talent,” commented HP Inc. President and CEO Dion Weisler. “Together, we will build on more than 30 years of print leadership to accelerate our strategy, disrupt new market opportunities, and provide our customers and partners with unique and highly innovative print solutions.
With Samsung, HP says it now offers the industry’s strongest portfolio of A3 MFPs that are said to deliver the simplicity of printers with the high performance of copiers. The fully integrated portfolio, including next generation PageWide inkjet-printing technologies, is said to provide HP with opportunities to grow managed print and document services as sales models shift from transactional to contractual. Customers, it says, will have greater choice, reliability and uptime, with lower cost of ownership and more affordable color. The combined portfolio also features “unmatched security,” such as HP Connection Inspector, HP Sure Start, Run-time intrusion detection, and whitelisting, making them the world’s most secure printers (HP’s most advanced embedded security features are available on HP Enterprise-class devices with FutureSmart firmware 3.7 or above and is based on HP review of 2016 published embedded security features of competitive in-class printers.)
As part of the agreement, Samsung will be making a $100 million to $300 million equity investment in HP through open market purchases.
- October 2017: Samsung Transferring Warranties to HP
- July 2017: Samsung to Withdraw from Printer Manufacturing Once Printer Business Acquired by HP
- April 2017: European Regulators Give Green Light to HP’s Acquisition of Samsung Printing Business
- April 2017: HP Shipping A3 LaserJets, PageWides, as it Begins Bold Venture into A3 Copier Market
- December 2016: Samsung Provides More Key Info on HP’s Acquisition of its Printing Solutions Group
- November 2016: Samsung Lays Out Road Map for Merging Printing Solutions Group with HP Inc.
- November 2016: New Samsung Smart MultiXpress M5360RX A4 MFP with Faster Touch Screen, Smart UX Apps
- November 2016: New Samsung Update Enables Samsung Galaxy Users to Print to Millions of Printers
- November 2016: HP Inc. Marks 1st Anniversary: Looks Back on its 3D Printers, Samsung Acquisition, Copier-Market Disruption
- November 2016: Samsung Forms ‘S-Printing Solution’ Company Prior to Sale to HP; Compensates Samsung Employees for ‘Job Security’ Issues
- October 2016: Canon Discusses Implications of HP’s Acquisition of Samsung Printer Business
- September 2016: IDC: HP’s Acquisition of Samsung’s Printing Group Will Break Hold of Fuji Xerox, Canon, and Ricoh in China
- September 2016: Samsung Board Approves Sale of Printer Business to HP; Will Continue to Source Printers from HP
- September 2016: HP Set to Purchase Samsung’s Printer Group for $1.05 Billion As it Prepares for Assault on Copier Market