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HP Inc is set to roll out a new ‘all-in’ subscription service in its Printing division. Speaking at the company’s 2023 Securities Analyst Meeting (SAM) on 10 October, Tuan Tran, President of Imaging, Printing and Solutions, confirmed the initiative would be introduced in the first quarter of HP’s 2024 financial year (which starts in November

HP Inc hosted its first HP Imagine event on 5 October where the vendor revealed its latest innovations for hybrid working. HP previewed more than 20 new devices and services across its Personal Systems, Printing Systems and Workforce Solutions businesses. Highlights of the range include HP Managed Collaboration Services, WorkforceCentral and AI-based innovations. Beginning with

Xerox has said it is buying back all the stock owned by its largest shareholder, activist investor Carl Icahn. In a press release, the print OEM confirmed it would repurchase all common stock owned by Icahn and his affiliates for $15.48 per share. That represents a dollar amount of $542 million, with the company taking

Armor Print Solutions is highlighting the complementary nature of its latest acquisition. The remanufacturer – part of the Armor Group – has announced the acquisition of THS Group, a Germany-based specialist in office automation systems that offers solutions in printing consumables, spare parts and MPS software for photocopiers and printers. Founded in 1995 as Ingolf

Japanese tech giant Toshiba will shortly have a new main shareholder following the successful outcome of a tender offer by private equity firm Japan Industrial Partners (JIP). The transaction – announced in March of this year – has resulted in around 78% of Toshiba’s shares being acquired by JIP. This will now allow it to

HP Inc exec Stephanie Dismore has moved to the UK to take on a new role with the tech giant. The 2020 Spirit of Life honouree and one of OPI’s most influential women in the business products industry in 2023, Dismore has been named the vendor’s Northwest Europe Managing Director. The change comes after she

Xerox has announced an expansion of its relationship with asset finance platform PEAC Solutions. The print OEM sold around $600 million in lease liabilities to PEAC earlier this year as part of a “strategic shift” at its Fittle financing unit. This agreement related to Xerox’s direct leasing originations. Now, the company has confirmed it has

Print OEM Epson has reached a settlement with Planet Green Cartridges in its lawsuit accusing infringement of its ink cartridge patents and the unlawful selling of remanufactured cartridges online. Under the terms of the settlement, Planet Green has agreed to cease selling infringing remanufactured cartridges on its websites and Amazon’s storefront. The financial terms of

HP Inc is bringing forward cost-reduction initiatives in its Printing division as market conditions – especially in the consumer channel – remain weak. That was one of the key takeaways from HP’s Q3 FY2023 results earnings call last week as CEO Enrique Lores highlighted the “tough market environment” and a macro situation that is not

International audiovisual (AV) distributor Midwich has reported a healthy uptick in gross and adjusted operating margins for the first half of its financial year. On the back of a 5.1% constant currency revenue increase to £610 million ($785 million), the UK-based group grew gross profit by 17.5% to just under £100 million, while adjusted operating