CRN Exclusive: HP Inc acquires giant print partner Apogee
News broke today (Wed., August 1, 2018) on CRN that, "HP. Inc. has acquired print giant Apogee in a deal that values the channel firm at £380m." (The article is from CRN UK, therefore approximately $500m USD.)
According to author Tom Wright ( @TomWrightCRN ), "Apogee has itself been on an acquisition spree since taking on private equity investment in 2016, but will now operate as an independent subsidiary of HP. In his only interview with the UK press Enrique Lores, president of imaging and print at HP, said the deal has been made to bolster HP's offering in managed print services." Lores is quoted in the article as stating, "This is part of our strategy to advance and make progress in the contractual office business..."
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