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The news follows from the European Union’s similar decision earlier this month
This week, the UK Competition and Markets Authority (CMA) has given HPE’s proposed acquisition of Juniper Networks for $14 billion the go ahead.
The CMA has not yet published the reasoning behind its decision, but released a statement saying the regulator had “cleared the anticipated acquisition by Hewlett Packard Enterprise Company of Juniper Network Inc.”
The full text on the decision will be released “shortly”, we were told on Wednesday.
The acquisition was first announced last January, as an all-cash deal of approximately $14 billion, equating to $40 per share. A CMA investigation was opened in June this year. In a statement, the regulator confirmed that phase one of the investigation would begin on 20 June this year, running until mid-August.
With this approval now announced, , a second phase investigation will not be necessary.
The deal was also given the go-ahead by the European Union earlier this month.
“Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition on such markets,” read the announcement.
“HPE’s acquisition of Juniper represents an important inflection point in the industry and will change the dynamics in the networking market and provide customers and partners with a new alternative that meets their toughest demands,” said HPE President and CEO Antonio Neri in a press release following the EU’s approval.
After the acquisition, HPE estimates that its networking business will at least double, saying that the “explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions.”
The deal is expected to close late this year or early next year.
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