HP Goes for Hardware Play by Buying Poly
Posted on 03/30/2022
HP Inc. (NYSE: HPQ) agreed to buy Poly (NYSE: POLY), a provider of workplace collaboration solutions, for US$ 3.3 billion in cash including debt (total enterprise value). Ploy was known as Plantronics. The acquisition accelerates HP’s strategy to create a more growth-oriented portfolio, further strengthens its industry opportunity in hybrid work solutions, and positions the company for long-term sustainable growth and value creation.