Technology giant HP has taken over print specialists Apogee in a deal worth £380 million.

Apogee, based on the 20/20 Business Park in Maidstone, was Europe's largest independent provider of print, outsourced services and document and process technology.

The firm, which also has offices in France and Germany, employs more than 800 staff.

It will retain its name and is expected to continue the acquisition programme it has been embarking on.

The conclusion of the deal, which is part of HP's desire to further consolidate and grow its position in the print services market, is expected to be concluded before the end of the year.

Enrique Lores, president, HP imaging and print, said: "This deal complements our broader channel strategy and HP remains committed to building our business through our

best-in-class partner programme.”

Following the close, Apogee will operate as an independent subsidiary of HP, with a governing board comprised of HP and Apogee management.