era massive Samsung does have commercial enterprise in nearly all sectors of digital gadget, however the maximum success of South Korean company is placed on cell devices. because of trying to cognizance extra on the primary commercial enterprise, Samsung has formally introduced if the agency sells its printer enterprise to HP. The transaction fee of the sale changed into quite excessive, ie US $ 1.05 billion.
The South Korean massive ambitions to pay attention on key high-income enterprise regions, even as HP sees it as a manner to disrupt and recoup 55 billion US bucks of the photocopier enterprise, a segment that has not received innovation in recent many years.
Of course with this transaction, Samsung’s printer division turns into a separate enterprise on November 1, 2016, then it will likely be offered to HP. currently, Samsung’s printer division has hired around 6,000 employees and has sales of us $ 1.8 billion in 2015.
similarly, with the acquisition of Samsung’s printer department, HP gets approximately 6,500 patents belonging to Samsung-associated printers in addition to 1300 engineers and researchers. Samsung will now not forestall promoting printers with its personal emblem in South Korea, but the ones printers will be manufactured by using HP as the brand new proprietor.