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Hewlett-Packard has been granted European Union (EU) approval to complete its acquisition of computer network infrastructure product manufacturer 3Com Corporation.
The computer maker, which is also a leading provider of products, technologies and networking equipment, first announced the deal in November, with the purchase set to cost $2.7 billion.
The EU's antitrust watchdog highlighted that the acquisition would have little impact on competition in the marketplace.
A statement revealed: "The Commission's investigation confirmed that the merged company would continue to face a number of global and effective competitors, giving customers the choice from a range of alternative providers for switches and routers."
The statement added that it was believed that the new entity would have a "relatively limited" position in the networking equipment market.
Meanwhile, Hewlett-Packard is hopeful that the acquisition will be closed by the end of June.
In 2002, Hewlett-Packard completed a merger with American personal computer company Compaq.
The company produces products that can be used by households, small businesses and larger enterprises.
News provided by Comms Express, number one for HP switches on the net.
Last Updated: 15/02/2010 17:37
Hewlett-Packard to compete 3Com acquisition - Networking Industry News - Article Discussion
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