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New Deal


Announced

Completed

HP completed the acquisition of Poly for $3.3bn.

Financials

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Transaction Value£2,504m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.9x
EV/EBITDA18.64x
Share Price Premium-
One Off Charge-

Tags

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Electronic Equipment: Other

Friendly

lightweighting

United States

Acquisition

Public

Domestic

Majority

electrical equipment

Single Bidder

Completed

Synopsis

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HP, a product, technologies, software provider, completed the acquisition of Poly, a firm that designs and manufactures lightweight communications headsets, telephone headset systems, and other communications endpoints, for $3.3bn. “The rise of the hybrid office creates a once-in-a-generation opportunity to redefine the way work gets done. Combining HP and Poly creates a leading portfolio of hybrid work solutions across large and growing markets. Poly’s strong technology, complementary go-to-market, and talented team will help to drive long-term profitable growth as we continue building a stronger HP," Enrique Lores, HP President and CEO. On June 23, 2022, Poly announced stockholder approval of HP acquisition.

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