HP completed the acquisition of 3COM H3C officially incorporated in HP
On the evening of April 12, HP today announced that it has completed the acquisition of 3COM companies with the price of $ 7.9 per share, involving $ 2.7 billion, and the terms of the transaction have obtained the approval of the board of directors of HP and 3COM. 3COM Hangzhou Hua Sanxin Technology Co., Ltd. (hereinafter referred to as "H3C") will formally incorporated.
In November last year, HP agreed to bid $ 2.7 billion, M & A, 3Com, aimed to expand its product portfolio, improve sales in the rapid growth of China, and better compete with Cisco. HP can significantly enhance its status in China's network equipment market by acquiring 3COM.
HP will integrate 3COM's network products and security products with its existing HP Procurve products to provide customers with a more comprehensive product sequence. With the benefits of global marketing and service resources, the extended product sequence will reinforce HP's integrated infrastructure strategy (this strategy is based on server, storage, network, management, tools and services). Through this integration, customers can simplify their networks and obtain more comprehensive network solutions to enhance their IT service delivery capabilities.
3Com's H3C has a wealth of network products and solutions and has been widely used in the Chinese market. After M & A 3COM, HP can not only extend the range of Ethernet switches, but increase routing solutions, and can significantly improve HP in China by H3C. In addition, 3COM's TippingPoint product portfolio provides HP to provide network security features. In this way, HP will become one of the most widely vendors of network products and solutions in the market, thereby better meeting customers in the future.
As a wholly-owned subsidiary of 3COM, H3C will be officially incorporated in Hapu after the end of the transaction. H3C will be fully responsible for the online marketing and service of mainland China, Hong Kong and Macau. In the region outside China, HP will continue to implement the "China Out" strategy, develop H3C research, manufactured products to expand and sell overseas markets with HP global resources.
H3C is relieved in Huawei, in 2003, Huawei and 3COM jointly established Huawei 3COM in Hangzhou, Huawei integrates the medium and low-end data communication product line into joint venture, and the operation team has also been adjusted from Huawei. In November 2006, 3COM successfully bought 49% of Huawei 3COM shares in Huawei in Huawei in the hands of 882 million US dollars. Huawei 3COM has also become a foreign-owned enterprise.
On April 27, 2007, Huawei 3COM officially renamed Hangzhou Hua Sanxin Technology Co., Ltd., and the corporate mark was also replaced by "H3C" instead of "Huawei 3COM", officially bid farewell to Huawei era.
The H3C is actually the main backbone with the original China, and its development is very fast. In 2006, H3C sales revenue was $ 712 million, and the year-on-year growth increase of 70% in three consecutive years. In particular, it is good at all-line routers and Ethernet switches. It is currently one of Cisco's main competitors in China. Therefore, the industry believes that HP acquisition 3COM is the main purpose to collect H3C. Technology area
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