Hewlett Packard Enterprise announces $14 billion acquisition of Juniper Networks
The upcoming purchase aims to position HPE for future innovation in AI and a more complete customer offering.
Silicon Valley giant Hewlett Packard Enterprise has revealed its upcoming acquisition of networking and artificial intelligence company Juniper Networks.
The companies announced this week a definitive agreement in which HPE will acquire Juniper for $40 per share in an all-cash transaction with a total value of $14 billion.
HPE expects the acquisition to double its networking business, adding to the portfolio of services HPE can offer its customers. The acquisition will also strengthen HPE’s offering to customers with industry-leading artificial intelligence (AI) and cloud networking capabilities.
Rami Rahim, CEO of Juniper, will lead HPE’s combined networking business, reporting directly to Antonio Neri, president and CEO of HPE.
“HPE’s acquisition of Juniper represents a major inflection point in the industry and will change the dynamics in the networking market and provide customers and partners with a new alternative that meets their toughest demands,” Neri said in a statement. .
“This transaction will strengthen HPE’s position at the nexus of accelerating macro-AI trends, expand our total address market, and drive greater innovation for customers as we help bridge the native worlds of AI and cloud, while generating significant value for shareholders. . “I am pleased to welcome Juniper’s talented employees to our team as we bring together two companies with complementary portfolios and a proven track record of driving innovation within the industry.”
