Hewlett Packard Enterprise (NYSE: HPE) has completed its acquisition of Juniper Networks, bringing the AI-native networking company fully under the HPE umbrella. The transaction, first announced in January 2024, sees HPE assume full control after purchasing the remaining shares of Juniper in a deal designed to strengthen its position in hybrid cloud and AI-driven IT solutions.
With the closing of the deal, Juniper’s shares ceased trading on the New York Stock Exchange as of today. The acquisition is expected to double the size of HPE’s networking business and enable the company to offer a comprehensive, cloud-native, and AI-focused portfolio across its enterprise offerings.
“This marks a transformative moment for HPE as we become a central force in the convergence of AI and networking,” said Antonio Neri, President and CEO of HPE. “We’re combining Juniper’s strengths with our innovation engine to accelerate AI and hybrid cloud deployments.”
The combined company aims to deliver a full, secure networking IP stack—from silicon and hardware to security, software, and services—targeting data-intensive workloads and increasingly complex enterprise environments.
Juniper’s former CEO, Rami Rahim, will now lead the combined HPE Networking business. “Together, HPE and Juniper are uniquely positioned to redefine the networking industry,” Rahim said. “Our secure, AI-native approach is built for the demands of AI and driven by AI.”
The acquisition expands HPE’s total addressable market by adding data center, firewall, and router capabilities to its networking lineup. It also builds on HPE’s existing strength in enterprise and security-first networking, integrating Juniper’s market share in service providers and AI-native solutions.
HPE stated that the deal will be accretive to non-GAAP earnings per share within the first year post-close and that networking is expected to contribute more than 50% of the company’s operating income going forward.
Customers will now have access to a broader suite of solutions, from networking and storage to hybrid cloud and AI capabilities, benefiting from enhanced innovation and scale. The merger is also expected to accelerate R&D in silicon, systems, and software.
HPE’s go-to-market capabilities will be extended to Juniper’s product suite, creating new revenue opportunities and offering secure, AI-native solutions capable of analyzing and acting on real-time network data.
Advisors to the transaction included J.P. Morgan Securities and Qatalyst Partners for HPE, with legal support from Wachtell, Lipton, Rosen & Katz, Freshfields Bruckhaus Deringer, and Covington & Burling. Juniper was advised by Goldman Sachs & Co., with legal counsel from Skadden, Arps, Slate, Meagher & Flom.
The deal underscores HPE’s ambition to lead in AI and hybrid IT infrastructure by combining high-margin capabilities with scalable global operations.
