Poly collaboration

The transaction, expected to be completed by the end of the year, will allow Hp strengthen its position in the hybrid work solutions market. Poly help drive the growth and business of its enterprise peripherals and solutions division.

Hp has announced an agreement to acquire Poly for a value of 3.300 millions of dollars, in a cash transaction of 40 dollars per share. The total price includes the debt of the manufacturer of videoconferencing solutions.

Acquisition Accelerates HP's Strategy to Create a More Growth-Oriented Portfolio and Strengthens Its Opportunity in the Hybrid Work Solutions Industry.

"The rise of the hybrid office creates a once-in-a-generation opportunity to redefine the way work is done", Explains Enrique Lores, President and CEO of HP. "The combination of HP and Poly creates a leading portfolio of hybrid work solutions in large and growing markets".

Poly at Telecom Paris

Dave Shull, CEO and President of Poly, Adds: "I am thrilled with the opportunity this represents for Poly., our employees, partners and customers. The combination gives us the opportunity to scale drastically, reaching new markets and channels, powering our innovation with a like-minded partner".

In a more hybrid world, cloud platforms such as zoom and Microsoft Teams will play an important role in the innovation of new experiences.

"The highest quality audio and video have become an essential component of work across industries., either in the office or at home. Bringing together Poly and HP offerings will unlock new opportunities to partner with Zoom and turn any space into a hub for dynamic video collaboration.", Says Eric Yuan, founder and CEO of Zoom.

Poly will help drive the growth and business of HP's enterprise solutions and peripherals division. Peripherals represent a segment opportunity of 110.000 million dollars and grows a 9% annual, driven by the need for more immersive experiences.

The market for enterprise solutions represents a segment opportunity of 120.000 million dollars and grows a 8% annually, as companies invest in digital services to configure, manage and secure more distributed IT ecosystems.

Poly Studio P

Devices, Poly software and services, combined with HP's strengths in computing, device management and security, create a robust portfolio of hybrid solutions for meetings.

Poly focuses its business on video conferencing solutions, cameras, earphones, voice and software. Together with HP they will offer a complete ecosystem of devices, software and digital services to create premium employee experiences, improve workforce productivity and give enterprise customers better visibility, information, security and manageability in your hybrid IT environments.

HP Expects Transaction to Increase Revenue Growth, margins and non-GAAP EPS at closing. With the expanded value proposition of a complete hybrid work solution, combined with scale and commercialization capabilities expects to realize significant revenue synergies in peripherals, as well as meeting room and workforce solutions.

The company will be able to cross-sell through its global commercial and consumer sales channels, while driving incremental sales by combining Poly's products with its PC portfolio.

As a result, HP hopes to achieve 500 million dollars in revenue synergies for the fiscal year 25 and accelerate Poly's revenue growth to a CAGR of, approximately, one 15 % during the first three years after closure.

The transaction is expected to close by the end of 2022, being subject to the approval of Poly's shareholders, regulatory authorisations and compliance with other customary closure conditions. HP to fund transaction through combination of balance sheet cash and new debt.


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by • 29 sea, 2022
• section: business, Telepresence / videoconference