Hewlett-Packard is bidding for IT services company Synstar to expand its service capabilities in Europe.
HP is offering around £162.9m for the UK company, which offers business continuity, data management, networking and supplier support services in Britain and Europe.
The acquisition of Synstar would give HP services expertise and capabilities in these markets. The company is keen to get its hands on Synstar's business continuity and supplier support services. Synstar helps businesses handle open architectures, multiple IT platforms and applications from a range of suppliers.
Synstar has around 1,500 customers and reported a profit of £8.7m on revenue of £223m in 2003.
HP has scooped up a number of companies in recent months to fill out its portfolio. In May it announced it was acquiring IT service management firms ManageOne and CEC Europe Service Management. Earlier in the year it bid for Novadigm and Consera Software to bring their management software technology into HP OpenView software.
Scarlet Pruitt writes for IDG News Service