November 2, 2018
The OEM’s acquisition of the UK-based office equipment dealer has been confirmed.
Apogee is one of Europe’s largest independent providers of print, outsourced services, and document and process technology, and after getting the green light from the European Commission last month, the £380 million ($495 million/€432.2 million) deal has now been sealed.
HP said that the acquisition will further its strategy to “disrupt the more than $50 billion (€43.6 billion) A3 copier market and enhance its A3 and A4 product portfolio, expand its Managed Print Services, and invest in direct and indirect go-to-market (GTM) capabilities.”
The OEM added: “Apogee augments HP’s services portfolio in contractual office printing and MPS, where solutions are increasingly important for small and medium businesses (SMBs).”
Apogee will operate as an independent subsidiary of HP, with a governing board comprised of HP and Apogee management. Apogee will have the same commercial relationship with HP as any other premium partner with access to the same tools and partner programs.
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