Home / M&A Activity / HP Signs Deal to Acquire Printelligent to Boost Managed Print Offerings

HP Signs Deal to Acquire Printelligent to Boost Managed Print Offerings

HP (NYSE: HPQ) announced today it is is planning on purchasing Printelligent, a provider of managed print services for small and medium-sized businesses.

The infrastructure, software and trained workforce of Printelligent, combined with HP’s channel relationships, experience and broad base of services and solutions will boost HP’s leadership in MPS. This acquisition, combined with HP’s current assets, will also help HP’s channel partners extend their customer relationships while recognizing new revenue streams.

The acquisition is expected to be completed by the end of July. After the deal is done, Printelligent will be integrated into HP’s imaging and solutions group, which generates about $26 billion in annual revenue.

Financial terms of the deal were not disclosed.

Check Also

MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal

Canada-based communications services company MacDonald, Dettwiler and Associates has agreed to acquire Earth imaging services provider DigitalGlobe (NYSE: DGI) …

UK-France Team Taps MBDA for $183M Air-Launched Missile Upgrade Contract

MBDA has received a potential $183 million contract from the U.K. and France to update …

Subscribe to our Newsletter
I will subscribe later