HP will acquire Aruba Networks in a transaction worth $2.7 billion.
The deal will see HP buying the California-based network access solutions provider for $24.67 per share.
The deal is expected to close in the second half of HP’s fiscal year subject to Aruba stockholder approval.
The Aruba brand will be retained.
The organisation will be led by Aruba CEO Dominic Orr and Chief Strategy and Technology Officer Keerti Melkote.
Both will report to Antonio Neri, leader of HP Enterprise Group.
"Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," said Meg Whitman, Chairman, President and Chief Executive Officer of HP.
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"By combining Aruba’s world-class wireless mobility solutions with HP’s leading switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks."
"Together with HP, we have a tremendous opportunity to become an even greater force in enterprise mobility and networking," said Orr.
"This transaction brings together Aruba’s best-of-breed mobility hardware and software solutions with HP’s leading switching portfolio.
In addition, Aruba’s channel partners will have the opportunity to expand their businesses with HP offerings.
