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HP to Buy Samsung's Printer Business for $1.05 Billion

posted by cmn32480 on Monday September 12 2016, @03:19PM   Printer-friendly
from the do-they-come-with-sharks? dept.

takyon writes:

Get ready for innovation in printing:

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.

[...] Samsung's printer business made $1.4bn in revenue last year and includes more than 6,500 printing patents as well as nearly 1,300 staff with expertise in laser printer technology. Meanwhile, shares in Samsung fell 9% after it urged customers to hand in Galaxy Note 7 phones as they risk exploding.

Also at TechCrunch and Bloomberg.

Original Submission

 
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  • (Score: 3, Informative) by DeathElk on Tuesday September 13 2016, @03:13AM

    by DeathElk (4834) on Tuesday September 13 2016, @03:13AM (#401098)

    Two points I'd like to make;
    1) the reliable early HP laserjets were actually built around a Canon engine. Anyone who used to bag on Canon LBP then rave the virtues of HP Laserjet were promptly despatched red faced back to the mail room.
    2) Fuck printers, send 'em all to hell.

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  • (Score: 2) by butthurt on Wednesday September 14 2016, @03:14AM

    by butthurt (6141) on Wednesday September 14 2016, @03:14AM (#401617) Journal

    I wonder whether Canon ever stopped making engines for H-P. I found a page from 2009 on which someone said that a Gartner report said

    Canon supplies HP with enough LaserJet engines to make it the No. 1 provider of laser printing technology worldwide.

    -- http://www.thedeathofthecopier.com/2009/01/canon-and-hp-response-to-ricohikon.html [thedeathofthecopier.com]

    An essay by an H-P manager says that the LaserJet 4 was based on a Canon engine.

    http://www.hparchive.com/seminar_notes/HP_LaserJet_The%20Early%20History_by_Jim_Hall_110512.pdf [hparchive.com]