HP has completed its acquisition of workplace collaboration solutions provider, Poly.

 

Bought for around US$3.3 billion, HP forecasts the deal, first announced in March, to be accretive to earnings in FY23 post-merger. Providing video-conferencing equipment, cameras, headsets, voice and software, Poly helps HP tap into office meeting room resources for hybrid working and collaboration – a segment predicted to triple by 2024. In addition, Poly is expected to help drive innovation and scale in two of HP’s key growth areas of peripherals and workforce solutions.

 

As such, HP said the combined organisation would “deliver a complete ecosystem of devices, software and digital services to create premium employee experiences, improve workforce productivity, and provide enterprise customers with better visibility, insights, security and manageability across their hybrid IT environments.”

 

HP Inc CEO Enrique Lores commented: “Poly brings incredibly strong talent, differentiated technology and a complementary go-to-market system that we believe will further strengthen our position in large and growing markets.”

 

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