Filed under: Deals, Hewlett-Packard (HPQ)
Hewlett Packard (NYSE: HPQ) announced this morning that it would be purchasing NUR Macroprinters, an Israeli-based maker of inkjet printers, for $117.5 million. As HP marches straightforward into bolstering its hardware assets, this one should make a very good acquisition for the world’s largest Personal computer manufacturer.
The terms of the deal specify that $14.5 million of the purchase price would be held in an indemnity escrow account as well — that’s standard practice in some mergers. No surprise there. HP wants NUR to be folded into its large-format hardware printing business, for which it has a strong slice of market share.
While other companies seem to be making less in hardware, save for Apple (NASDAQ: AAPL), HP is doing the opposite. It’s making money in the Personal computer business (a feat in itself) and in the other hardware businesses it operates in. Not be left behind, HP is making major headway in the software intelligence business as well thanks to Mercury Interactive.
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