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Hewlett Packard Enterprise to Buy Nimble for $1 Billion

  • Acquisition will expand storage hardware product lineup
  • Company has been on buying spree while shedding some units
Updated on

Hewlett Packard Enterprise Co. agreed to buy Nimble Storage in a deal valued at about $1 billion, bolstering a higher-growth segment of the market for data storage.

The $12.50-a-share offer for Nimble was 45 percent more than Monday’s closing price. Hewlett Packard Enterprise said Tuesday it also will assume, or pay out, about $200 million of Nimble’s unvested equity awards at the closing of the deal.