European Regulators Give Green Light to HP’s Acquisition of Samsung Printing Business

Under the European Union Merger Regulation, the European Commission has approved  HP Inc.’s acquisition of Samsung Electronics’s Printing Solutions Group. HP Inc. expects to complete its acquisition of Samsung’s printing business for $1.05 billion later this year.

The commission stated that it assessed the overlap of the companies’ activities in the printer and MFP markets in the worldwide, European Economic Area, and national-level. It concluded that “the transaction would not have a significant impact on effective competition in the Single Market as there will be a number of companies that will continue to compete strongly with the merged entity, irrespective of the potential segmentation or geographic scope of the market.”

The commission also investigated the relationship between the downstream market for the supply of branded regular-format printers and the upstream market for the supply of unbranded regular=format printers, and concluded that the merged companies wouldn’t have the ability, or incentive, “to shut out competing suppliers of these products as there are many alternative players at both levels.”

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