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5 Things You Need To Know About HP's $1.05B Acquisition Of Samsung's Printer Business

HP's completion of the $1.05 billion deal to acquire Samsung's printer business turns the heat up on copier maker stalwarts like Xerox, Ricoh and Konica Minolta. Here are five things you need to know about the blockbuster deal.

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Product Rationalization - The Road Ahead

Over the next three months, HP plans to do a detailed product rationalization evaluating where the product sets overlap and compete.

As with HP, Samsung already has its own extensive A3 and A4 lineup.

"From a process perspective, we are looking at fully integrating the two portfolios which means we will remove and eliminate from the portfolio any areas where there is duplication between the current HP printer portfolio and the current Samsung portfolio," said Lores. "We will remove any duplication and we will minimize any areas where we have overlaps between the two products."

Tuan Tran, HP General Manager & Global Head, Office Printing Solutions, moved to Korea in August to oversee the product integration process. Tran is "living there with his family to make sure that we drive a very smooth integration and process between HP and Samsung," said Lores.

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