The European Commission stated on Thursday that it unconditionally approved Hewlett Packard Enterprise's acquisition of network equipment manufacturer Juniper Networks for $14 billion.
The European Commission announced on Thursday that it has unconditionally approved Hewlett Packard Enterprise's (HPE.US) acquisition of network equipment manufacturer Juniper Networks (JNPR.US) for $14 billion.
The Commission stated that its investigation indicated that the transaction would not significantly reduce competition in the wireless LAN devices and access points, Ethernet campus switches, and data center switches markets.
The company stated that its market position will remain mild after the merger, and it will continue to face competition from a wide range of competitors.
Insiders have stated on Monday that Hewlett Packard Enterprise will work to obtain approval for the deal.
This acquisition underscores the urgency of upgrading and developing new products amid the sharp growth of AI-driven services.
The UK antitrust regulator is also evaluating the transaction and will make a decision on August 14th.