Acquisitions

12 Months Ended

Oct. 31, 2020

Acquisitions in Fiscal Year 2019

On November 1, 2018, HP completed the acquisition of the Apogee group. This acquisition furthers HP’s plan to disrupt the A3 copier market and builds on its printing strategy to enhance its A3 and A4 product portfolio; build differentiated solutions and tools to expand its MPS, and invest in its direct and indirect go-to-market capabilities. Apogee augments HP’s services portfolio in contractual office printing and MPS, where solutions are increasingly important for SMBs. HP reports the financial results of the above business in the Printing segment.

The table below presents the purchase price allocation.


	In millions
Goodwill	$	382
Amortizable intangible assets	292
Net liabilities assumed	(196)
Total fair value of consideration	$	478