WD announced the completion of Hitachi unit acquisition
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POSTER: computer news || WD ANNOUNCED THE COMPLETION OF HITACHI UNIT ACQUISITION |
DATE:2012-03-10 |
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Western Digital Company this week announced the completion of Hitachi unit acquisition , engaged in the production of hard disks. The deal went through all the necessary approvals in regional authorities, one of the conditions of its approval was the transfer of WD company assets to Toshiba , which will result in the ability to produce hard drives size 3.5 . In fact, during the first 6-12 months WD will be engaged in contract manufacturing of hard drives for Toshiba, which in this period will be gradually take action in WD. Under the deal, WD paid Hitachi Global Storage Technologies $ 3,9 billion in cash and gave the shareholders of the acquired company's own 25 million shares (worth about $ 0.9 billion as of 7 March ). HGST received about 10% of WD equity , as well as the right to appoint two representatives to the board of directors. The combined company will manage the subsidiaries named WD Technologies and HGST, range of products and brands will be different. In other words, Hitachi drives will still appear on the market. John Coyne (John Coyne) . Each brand will have its own team of engineers, marketers and sales professionals, so WD and Hitachi products preserve identity. | ||
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WD ANNOUNCED THE COMPLETION OF HITACHI UNIT ACQUISITION |
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