Hewlett Packard Enterprise Company (NYSE:HPE) entered into a definitive agreement to acquire Morpheus Data, LLC on August 15, 2024. The transaction is expected to close early in the fourth quarter of the HPE 2024 fiscal year, subject to customary closing conditions.
Hewlett Packard Enterprise Company (NYSE:HPE) completed the acquisition of Morpheus Data, LLC for approximately $150 million on August 30, 2024. The acquisition date fair value consideration of $147 million primarily consisted of cash paid for outstanding common stock.
Hewlett Packard Enterprise Company specializes in the development of IT solutions and services for businesses. Net sales break down by activity as follows:
- development and integration of technological solutions (87.5%): servers development and server management solutions, technology services, consulting, maintenance services, implementation of infrastructures and technical support), development of convergent data storage solutions and systems, sales of network systems and development of management and network security solutions;
- financial services (10.2%): mainly financing services for the digital transformation of businesses;
- other (2.3%).
Net sales are distributed geographically as follows: the United States (39.1%), Americas (7.1%), Europe/Middle East/Africa (33.6%), Japan and Asia/Pacific (20.2%).
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