HP Inc completes $1bn purchase of Samsung's printer business

HP logo

HP Inc has announced it has completed the acquisition of Samsung's printer business for $1.05 billion (£800 million), including its exhaustive list of patents.

The purchase means HP can add A3 copier technologies to its A4 portfolio of printers, and use Samsung's 6,500 print patents.

“As we ignite a renaissance in printing, we’re thrilled to bring together the industry’s best and brightest talent,” said Dion Weisler, president and CEO of HP.

“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.”

Samsung's printer division, with its 1,300 researchers and engineers, will join HP, offering their expertise in specialist areas such as laser technology, imaging electronics and supplies and accessories.

The acquisition will also help HP develop a greater variety of managed print and document services via Samsung's entire portfolio, HP said.

HP's intention to buy Samsung's printer business was first announced last year and as part of the deal, Samsung will be making an equity investment in HP of between $100 million and $300 million.

The company is expected to reveal the precise details of the deal during its Q4 2017 earnings call, including anticipated revenues from the pairing.

Clare Hopping
Freelance writer

Clare is the founder of Blue Cactus Digital, a digital marketing company that helps ethical and sustainability-focused businesses grow their customer base.

Prior to becoming a marketer, Clare was a journalist, working at a range of mobile device-focused outlets including Know Your Mobile before moving into freelance life.

As a freelance writer, she drew on her expertise in mobility to write features and guides for ITPro, as well as regularly writing news stories on a wide range of topics.

Latest in Hardware
The Dell XPS 13 9350 on a desk
Dell XPS 13 9350 review: Too little, too late
The MSI Modern 14 on a desk
MSI Modern 14 F13MG review: An affordable workhorse without the bells and whistles
A HP AI-printer on a desk
HP's AI printer push continues with new edge capabilities and security features
Intel logo pictured at Computex 2024 in Taipei on June 4, 2024.
The gloves are off at Intel as new CEO plots major strategy shift
The Samsung S8 ViewFinity S80D monitor
Samsung S8 ViewFinity S80D monitor review: An impressive 4K monitor for business
A Dell Inspiron 14 AI PC pictured inside a Best Buy store on Black Friday in Pinole.
AI PCs are becoming a no-brainer for IT decision makers
Latest in News
Digital handshake concept with Hand shake between two businessmen with digital hand
SYSPRO appoints Josef Al-Sibaie to spearhead global expansion
A telephoto shot of Evan Goldberg, founder and EVP at Oracle NetSuite, pictured from the waist up speaking onstage at the opening keynote of SuiteConnect London 2025.
‘Every feature that comes into NetSuite over the coming years is going to have AI’: NetSuite’s Evan Goldberg on the future of the platform and how AI will drive customer success
ChatGPT logo and branding pictured in white coloring against a black backdrop.
DeepSeek and Anthropic have a long way to go to catch ChatGPT: OpenAI's flagship chatbot is still far and away the most popular AI tool in offices globally
Cybersecurity concept image symbolizing third-party data breaches with give padlock symbols and one pictured in red, signifying a security breach.
These five countries recorded the most third-party data breaches last year
Flexible work concept image showing woman working in office environment side by side with woman working from home.
IT professionals aren’t budging on flexible work demands – and more than half say they’ll quit if employers don’t meet expectations
Phishing concept image showing an email symbol with fishing hook.
Have I Been Pwned owner Troy Hunt’s mailing list compromised in phishing attack