HP announces split into two companies

HP has announced in a press release a division of the company into the companies HP Inc. and Hewlett Packard Enterprise. Under the umbrella of HP Inc., the private customer business will be located in the future, and the business customer business will be continued by Hewlett Packard Enterprise. HP has thus confirmed a report from the Wall Street Journal that the PC builder wants to undergo a radical change.


HP is reported to be split into two companies


The division process of HP is to be completed in 2017. Owners of HP securities are to receive tax-free shares of the two new companies. The market welcomed the announcement - the share of HP rose in the trading period by 4.66 percent (as of 17:00).


The computer giant Hewlett-Packard fights with falling sales and has been deeply in crisis since the missed mobile revolution. The loss of business with consumer PCs, notebooks and printers is responsible for red numbers. Now HP wants to counteract this, and according to a recent report from the Wall Street Journal to take drastic measures: HP wants to split into two companies and thus separate the kriselnde PC and printer division from the corporate hardware and services division >

If the division of HP were to be executed, two exchange-traded companies would result in an annual profit of more than 50 billion US dollars. According to the WSJ, the PC and printer business is to be called "HP Inc." As HP CEO Dion Wisler. The business customer business is to operate under "Hewlett-Packard Enterprise". The management of this division is to keep the former HP boss Meg Withman.


According to WSJ, the step is to be officially announced on Monday and then implemented next year. HP and its investors have been talking about a split for a long time.


HP lost its top position as the world's largest PC manufacturer last year to the Chinese computer builder Lenovo. The company, which is based in Palo Alto, California, counted a total of 317,500 people in 2013 and generated a total turnover of 112 billion US dollars and a balance sheet profit of 5 billion US dollars.