In an undisclosed deal, Samsung Electronics is said to be acquiring Brazilian printing solution company Simpress to bolster its business-to-business operations.
The price of the deal has not been confirmed yet.
Besides Samsung’s annual profit decline in the mobile division sharply, it has been making acquisitions for stabilizing its earnings and strengthening its business offerings for corporate clients. Samsung in November acquired US based server-side caching software company Proximal Data. The Korean firm also acquired US-based Quietside, distributor of heating, ventilation and air conditioning products, and Canadian mobile printing solutions company PrinterOn.
