HP to Buy Samsung’s Printing Business

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HP + Samsung Printing = HP Inc.

HP Inc (Hewlett Packard) has just got a lot bigger!!

It is a good news for HP customers, as the US computer giant HP has struck a deal to acquire Samsung’s Printer Business. The OEM’s have agreed on the deal, which is confirmed that HP will acquire Samsung printing business for $1.05 billion, the largest print acquisition in its history.

HP expects this acquisition of Samsung’s printing business will help the company to replace its existing HP printers & copiers with superior multifunction printer (MFP) technology and more advanced Wi-Fi technology.

Samsung’s multifunction printers like the MultiXpress series and ProXpress series will join HP’s portfolio of laser printers which it shares with Canon, to provide customers with better technology advanced printers. The good news for HP is that it doesn’t have to rely on Canon engine printers as it can begin to replace them with Samsung laser and inkjet technology. These changes will see a significant dent on Canon’s printer and consumable sales.

This deal will really improve HP’s revenue and their growth as it includes over 6,500 patents and a workforce of about 1,300 researchers and engineers. The acquisition is intended to provide Hewlett Packard with some wriggle room in maximising their revenue out of partners in the managed print services market.

HP Inc said “the acquisition of Samsung’s printer business allows us to deliver print innovation and create entirely new business opportunities with far better efficiency, security, and economics for customers.”

The deal is expected to close within a year, so you may see new HP printers and consumables that uses Samsung technology offered at Ink N Toner UK to buy as we will start to sell the new supplies as soon as it is available in the market.