Impresa Represents Cray in HPE Acquisition

Recent

A team of Impresa Counsel recently represented Cray, Inc. as the company – a global leader in supercomputing – entered a definitive agreement under which Hewlett Packard Enterprise (HPE) will acquire Cray. The deal is valued at approximately $1.3 billion and is expected to close by the first quarter of HPE’s fiscal year 2020, subject to customary approvals and conditions.

The Impresa team, comprised of Jesse Watters, Jeff Robinette, and Jill McDowell, advised Cray’s senior leadership and outside advisors on the merger with a particular concentration on government contracts and intellectual property aspects of the transaction.

As Cray’s President and CEO Peter Ungaro stated, the acquisition “is an amazing opportunity to bring together Cray’s leading-edge technology and HPE’s wide reach and deep product portfolio, providing customers of all sizes with integrated solutions and unique supercomputing technology to address the full spectrum of their data-intensive needs.”