Original URL: http://www.channelregister.co.uk/2004/09/14/ec_approves_hp_synstar/
EC waves through HP Synstar deal
Insignificant
Posted in IT Channel, 14th September 2004 07:18 GMT
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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 [1], 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 [2]
IT services: don't forget the little guys [3]
9/11 fails to influence disaster recovery strategies survey [4]
Computacenter 'preps £250m Synstar bid' [5]
Links
- http://europa.eu.int/rapid/pressReleasesAction.do?reference=IP/04/1093&format=HTML&aged=0&language=EN&guiLanguage=en
- http://www.theregister.co.uk/2004/08/09/hp_buy_synstar/
- http://www.theregister.co.uk/2003/05/21/it_services_dont_forget/
- http://www.theregister.co.uk/2002/08/20/9_11_fails_to_influence/
- http://www.theregister.co.uk/1999/09/30/computacenter_preps_250m_synstar_bid/