HP to buy Samsung printer business

Q.  HP Inc agreed to buy the printer business of which well known company?
- Published on 15 Sep 16

a. Xerox
b. Samsung
c. Canon
d. None of the above

ANSWER: Samsung
 
HP to buy Samsung printer businessAmerican tech company HP Inc has agreed to purchase Samsung’s Printer Business for USD 1.05 billion to disrupt the USD 55 billion photocopying industry.
  • HP will acquire 6500 patents pertaining to printing and Samsung’s team of 1500 researchers and engineers
  • Deal is the first major move since it split into Hewlett Packard and HP Inc
  • The printer business will permit the company to take control of lucrative professional and office printing market
  • HP is the market leader in desktop printing
  • It also announced 16 new multifunction printers for the A3 printer-copier market.
  • HP’s move to buy Samsung’s printer business also sees it pick up the firm’s printing engines, something it previously relied on external suppliers for.
  • The A3 market is currently dominated by Xerox and Canon.

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