HP completes 3Com acquisition
HP has completed its acquisition of 3Com, and will integrate the networking vendor’s network switching, routing, and security portfolio with its HP ProCurve range.
The deal was worth a price of $7.90 per share in cash or an enterprise value of approximately $2.7bn, at the time of the conclusion.
The expanded portfolio adds the last touches to HP’s Converged Infrastructure strategy, which is predicated on the integration of servers, storage, networking, management, facilities and services.
The acquisition of 3Com expands HP’s ethernet switching offerings, adds routing solutions, and consolidates its position in China, the company claims. 3Com also brings to HP network security capabilities through its TippingPoint portfolio.