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HP buys British services company Synstar

Hewlett-Packard completes its $293 million bid for the company, in a move to better compete against IBM.

Hewlett-Packard has acquired British computing services company Synstar for $293 million.

The Palo Alto, Calif.-based computer and printer company on Friday said it bought 92.1 percent of Synstar's shares. The remaining shares must be sold to HP, a process the company expects to completed by mid-November.

HP announced its intent to acquire Synstar in August, a move to boost its services abilities and better compete against IBM. HP acquired a similar German company, called Triaton, in February.

Synstar has 2,600 employees. Among its 1,500 customers are Audi, DuPont, Vodafone, Volkswagen, Grolsch and London Taxis International. The company has operations in the United Kingdom, Ireland, Germany, Belgium, Luxembourg, the Netherlands and Spain.