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Samsung’s Printer Unit to Merge with HP Next Month

Posted Date 07/06/17

Samsung’s printer business will be merged with HP Inc. in August, putting an end to 33 years of printer making and sales. The Korean company sold its printer operations to the US giant for $1.05 billion last September. The business unit was spun off from the parent company after the merger was agreed.

After acquiring Samsung S-Printing Solution, HP’s market share in printers will jump from the current 36.9% to 41%. According to industry insiders, HP, which is already the market leader, will be able to benefit from synergies after the acquisition, despite the maturity of the printer market.

http://www.businesskorea.co.kr/english/news/ict/18518-printer-business-samsung-electronics-closes-down-printer-business-33-years

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