HP offers US$1 billion for Samsung's printer business

Buying Samsung's printing business could reduce HP's reliance on Canon for laser printer technology

HP has a plan to offset its declining printer revenue: Buy the printing business of Samsung Electronics.

It hopes the deal, valued at US$1.05 billion, will help it enlarge its position in the market for photocopiers, which it values at $55 billion annually.

The key to this, HP says, is Samsung's portfolio of multi-function laser printers, capable of handling A3 paper.

Along with the printers, HP will also acquire a portfolio of 6,500 printing patents and a staff of 6,000, including 1,300 researchers and engineers.

In buying Samsung's laser printing expertise, HP could be seeking to reduce its reliance on Canon, which today supplies all HP's laser printer mechanisms and cartridges. Canon and HP said their existing partnership will continue, however.

Samsung is a minnow in the printing business compared to HP: Its printer revenue was less than one-tenth that of HP's in the last fiscal year.

Printing activities don't usually get a separate line in Samsung's annual reports, where they are grouped with its visual display, digital appliances and health and medical equipment businesses as part of its consumer electronics division.

However, on Monday the company said its printer business brought in 2 trillion Korean won (around $1.8 billion) in 2015.

HP reported revenue of $21.2 billion for its printing segment in the year to Oct. 31, 2015, shrinking at 8.5 percent year on year.

Now separated from Hewlett Packard Enterprise, HP's revenue continues to decline. For the three months to July 31, it reported printing revenue of $4.4 billion, down 14 percent, out of total revenue of $11.9 billion.

Join the PC World newsletter!

Error: Please check your email address.

Tags Printers

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?