The European Commission Approved HP Inc’s Acquisition of UK-based MPS firm, Apogee

The European Commission has approved HP Inc’s acquisition of UK-based MPS firm Apogee. The Commission found that “the overlap of the companies’ activities on the market for the supply of regular format printers was very limited and that a number of strong players would remain in the market after the merger”. -(OPI)

The European Commission has approved, under the EU Merger Regulation, the acquisition of Apogee Group Limited ("Apogee") of the UK by HP Inc. of the US. Apogee provides managed print services to business users primarily in the UK. HP is active in the manufacturing and sales of electronic devices, including personal computers and printers. The Commission found that the overlap of the companies' activities on the market for the supply of regular format printers was very limited and that a number of strong players would remain in the market after the merger. The Commission also investigated the relationship between the downstream market for the supply of managed print services and the upstream markets for the supply of large and regular format printers. The Commission concluded that the merged entity would not have the ability, or incentive, to shut out competing suppliers of these products as there are many alternative players at both levels. - (The European Commission)