HP, an American multinational information technology company, agreed to acquire Apogee, a UK based office equipment dealer, from Equistone Partners, a mid-market private equity firm, for $500m. "The Apogee acquisition extends HP’s print leadership by boldly leveraging the industry shift to contractual sales as we aggressively pursue the A3 office market. We’re augmenting our go-to-market and enhancing our ability to deliver the services necessary to win in the profitable contractual market. This deal complements our broader channel strategy and HP remains committed to building our business through our best-in-class partner program," Enrique Lores, HP Imaging and Print President.