EU approves Hewlett Packard Enterprise's $14 bln Juniper deal

Juniper Networks

01/08/2024 10:45

Aug 1 (Reuters) - The EU Commission on Thursday said it
had unconditionally approved the $14 billion takeover of
networking gear maker Juniper Networks  JNPR.N  by Hewlett
Packard Enterprise  HPE.N .
    The commission said its investigation had shown the deal
would not significantly reduce competition in the markets for
wireless local area network equipment and access points,
ethernet campus switches and datacentre switches.
    It said the merged company's market position would remain
moderate, while it would continue to face competition from a
wide range of competitors.
    People familiar with the matter on Monday already said HPE
was set to secure approval for the deal announced in January.
    The takeover underscores the rush by companies to upgrade
and develop new products amid a sharp rise in artificial
intelligence-driven services.
    The deal is also being assessed by Britain's antitrust
enforcer, with a decision due on Aug. 14.
    
    

 (Reporting by Bart Meijer)
 ((Bart.Meijer@thomsonreuters.com;))