HP announces agreement to acquire Poly

March 28th saw the announcement of a new planned acquisition of Poly by HP. The total deal has been valued at roughly 3.3 billion USD, at $40 per share, with HP taking on Poly’s debts. HP has claimed that they are hoping that Poly will help to strengthen their position in the peripherals market and help them to secure market share in the new home to office hybrid era of work. 

In the last few years, Poly has been focused on small meeting rooms and its general direction seems to have been in anticipation of many companies returning to office. However, this acquisition and HP’s implied intentions suggest that the company believes the future will remain roughly the same, with a large portion of the population residing in remote offices. SAR believes that the use of remote offices will continue to grow over the coming years, however, offices will remain a core part of working life. 

More information: Enterprise Devices 

Joe Murray Market Analyst, DATA Lead

Joe is a market analyst for audio devices and technologies at SAR Insight & Consulting. He is tasked with analyzing, comparing, and forecasting new technologies, markets, and products in the industry.

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