Enlarge (credit: Hiram Huang)

HP announced Monday that it would acquire Samsung’s printer segment for $1.05 billion. It’s part of a move to “disrupt and reinvent the $55 billion copier industry, a segment that hasn’t innovated in decades,” according to a press release.

The Palo Alto-based HP will also acquire over 6,500 patents pertaining to printing and Samsung printing’s team of 1,300 researchers and engineers.

In 2014, HP said it would split into two separate companies: Hewlett Packard Enterprise, selling servers and enterprise services, and HP Inc, selling PCs and printers. That process completed in late 2015.