EU approves Hewlett Packard Enterprise's $14 billion Juniper deal

[August 01, 2024]  (Reuters) - The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise. 

Signs for Hewlett Packard Enterprise Co., cover the facade of the New York Stock Exchange November 2, 2015. REUTERS/Brendan McDermid/ File Photo

The commission said its investigation had shown the deal would not significantly reduce competition in the markets for wireless local area network equipment and access points, ethernet campus switches and datacenter switches.

It said the merged company's market position would remain moderate, while it would continue to face competition from a wide range of competitors.

People familiar with the matter on Monday already said HPE was set to secure approval for the deal announced in January.

The takeover underscores the rush by companies to upgrade and develop new products amid a sharp rise in artificial intelligence-driven services.

The deal is also being assessed by Britain's antitrust enforcer, with a decision due on Aug. 14.

(Reporting by Bart Meijer)

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