HP buys Samsung’s $1bn printer business | BBC News


US computer giant HP has struck a deal to take over Samsung’s $1bn (£750m) printer business.

HP said the acquisition would help it to “disrupt and reinvent” the $55bn copier industry, a segment that “hasn’t innovated in decades”.

It is buying a big printing presence in Asia, as well as Samsung’s laser printing technology and patents.

The deal comes days after HP’s sister company sold its software business to rising UK tech champion Micro Focus.

Hewlett-Packard split into two businesses last year: HP Inc, which focuses on printers and computers; and Hewlett Packard Enterprise, which sold its software business to focus on data storage.

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