HP completes EDS acquisition

“This is a historic day for HP and EDS and for the clients we serve,” said Mark Hurd, HP’s chairman and chief executive officer. “Independently, each company is a respected industry leader. Together, we are a global leader, with the capability to serve our clients — whatever their size, location or sector — with one of the most comprehensive and competitive portfolios in the industry.”

As part of the acquisition, HP’s Technology Solutions Group (TSG) will shift its outsourcing operations to EDS, as well as portions of its consulting and integration activities.

The acquisition is said to be the largest in the history of the IT services industry, and the second largest in the technology industry as a whole, following HP’s 2002 acquisition of Compaq.

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