HP Enterprise completes acquisition of Juniper

HPE (HPE) announced the completion of its previously announced acquisition of Juniper (JNPR). The transaction doubles the size of HPE’s networking business and provides customers with a portfolio of networking solutions. “Today begins a new era for HPE – we are now at the epicenter of the transformation of IT, where AI and networking are converging,” said Antonio Neri, president and CEO of HPE. “In addition to positioning HPE to offer our customers a modern network architecture alternative and an even more differentiated and complete portfolio across hybrid cloud, AI, and networking, this combination accelerates our profitable growth strategy as we deepen our customer relevance and expand our total addressable market into attractive adjacent areas. We look forward to welcoming the Juniper team to HPE.” The acquisition was originally announced on January 9 and was approved by Juniper shareholders on April 2, 2024. With the completion of the transaction, shares of Juniper’s common stock, which traded on the NYSE, will cease trading and will no longer be listed on the NYSE.