Deal Snapshot
HEWLETT PACKARD ENTERPRISE TO ACQUIRE US SUPERCOMPUTER MAKER CRAY
Friday 17 May 2019

California, US-based technology company Hewlett Packard Enterprise (NYSE: HPE) and Seattle, US-based supercomputer specialist Cray Inc. (NASDAQ: CRAY) have entered into a definitive agreement under which HPE will acquire Cray for USD 35.00 per share in cash, in a transaction valued at approximately USD 1.3bn, net of cash, the companies said.
Cray is a provider of high-end supercomputing solutions. With a history tying back to Cray Research, which was founded in 1972, Cray is headquartered in Seattle, Washington, with US-based manufacturing, and approximately 1,300 employees worldwide.


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Details
Date Published: 17/05/2019
Target: Cray Inc
Country: USA
Deal Size: 1.3bn (USD)
Sector: Computer Hardware
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Hewlett Packard Enterprise
Comment:


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