HPE To Acquire Juniper Networks To Accelerate AI-Driven Innovation
HPE News, Tuesday, January 9th, 2024
Highly complementary combination enhances secure, unified, cloud and AI-native networking to drive innovation from edge to cloud to exascale
HPE and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion.
The combination of HPE and Juniper advances HPE's portfolio mix shift toward higher-growth solutions and strengthens its high-margin networking business, accelerating HPE's sustainable profitable growth strategy. The transaction is expected to be accretive to non-GAAP EPS and free cash flow in the first year post close.