CCI Greenlights Hewlett Packard Enterprise's Acquisition of Juniper Networks

The Competition Commission of India has approved Hewlett Packard Enterprise's plans to acquire Juniper Networks. This all-cash deal, valued at around USD 14 billion, involves HPE gaining full control through a reverse triangular merger. Juniper will continue as a wholly-owned subsidiary focused on networking technologies.

In a significant development, the Competition Commission of India (CCI) has approved Hewlett Packard Enterprise's (HPE) acquisition of Juniper Networks.

HPE, a leading business IT solutions provider, will gain complete control over Juniper through a reverse triangular merger, enabling Juniper to continue as a wholly-owned subsidiary under HPE.

The all-cash deal, valued at approximately USD 14 billion, ensures HPE strengthens its foothold in the networking technology sector. Juniper, renowned for its networking products and services, will bolster HPE's portfolio in providing infrastructure and security solutions to diverse industries.

(With inputs from agencies.)