M&A Deal Summary

Hewlett Packard Enterprise Acquires Juniper Networks

On January 9, 2024, Hewlett Packard Enterprise acquired technology hardware company Juniper Networks for 14.0B USD

Acquisition Highlights
  • This is Hewlett Packard Enterprise’s 4th transaction in the Technology Hardware sector.
  • This is Hewlett Packard Enterprise’s largest (disclosed) transaction.
  • This is Hewlett Packard Enterprise’s 16th transaction in the United States.
  • This is Hewlett Packard Enterprise’s 10th transaction in California.

M&A Deal Summary
Date 2024-01-09
Target Juniper Networks
Sector Technology Hardware
Buyer(s) Hewlett Packard Enterprise
Deal Type Add-on Acquisition
Deal Value 14.0B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom LLP (Legal)

Target

Juniper Networks

Sunnyvale, California, United States
website
Entrance to Juniper's corporate campus in Sunnyvale, California.
Entrance to Juniper's corporate campus in Sunnyvale, California.
Juniper Networks designs, develops, and sells products and services for high-performance networks to enable customers to build networks for their businesses. Juniper Networks was founded in 1996 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

Hewlett Packard Enterprise

Spring, Texas, United States

website

Category Company
Sector Information Technology
Employees60,200
Revenue 29.1B USD (2023)
DESCRIPTION
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.

Hewlett Packard Enterprise is a provider of enterprise services and technology. The Company's products and service include server, storage, networking, and support. HPE was spun out of HP in November 2015. Hewlett Packard Enterprise is based in Spring, Texas.

DEAL STATS #
Overall 20 of 20
Sector (Technology Hardware) 4 of 4
Type (Add-on Acquisition) 18 of 18
State (California) 10 of 10
Country (United States) 16 of 16
Year (2024) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 OpsRamp

San Jose, California, United States

OpsRamp provides cloud-based IT operations management SaaS solutions for observability of infrastructure, application, and network performance metrics. OpsRamp’s solution is horizontal, with broad applicability across a number of enterprise end-markets, including the Life Sciences, Information Technology, Financial Services, and Telecommunications industries. OpsRamp was founded in 2014 and is based in San Jose, California.

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