The Channel logo

News

By | Drew Cullen 14th September 2004 07:18

EC waves through HP Synstar deal

Insignificant

Brief The European Commission has approved HP's proposed takeover of Synstar, the UK-owned computer maintenance-to-disaster recovery group.

The transaction will not significantly alter HP's share of the IT services market, the EC ruled, noting the "significant number of global viable competitors as well as the large number of local or regional competitors that remain in the European market".

HP made a $300m cash offer for Synstar on 9 August. It gains 1,500 corporate customers throughout Western Europe and offices in in Belgium, France, Germany, Ireland Luxembourg, the Netherlands, Spain and the UK. ®

Related story

HP offers $300m for UK's Synstar
IT services: don't forget the little guys
9/11 fails to influence disaster recovery strategies survey
Computacenter 'preps £250m Synstar bid'

alert Send corrections

Opinion

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting
management cloud2

Gavin Clarke

The executioner turns gambler as HP's PCs are set to go
Beans

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that