Toshiba And Western Digital Signed Agreement Over HDD Tech Acquisition, Clearing The Way For WD Hitachi Acquisition

Posted on Feb 29 2012 - 4:40am by Editorial Staff

Toshiba has announced that it has entered into a “definitive agreement” with Western Digital Corporation on account of Toshiba’s acquisition of Western Digital’s 3.5-inch HDD manufacturing equipments and related intellectual property. Both the companies are aiming to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities.

The agreement states that Toshiba will acquire the following equipment and intellectual property from Western Digital: Manufacturing equipment for 3.5-inch HDDs for use in desktop PCs and other consumer applications, plus related intellectual property; and Manufacturing equipment for near-line HDDs for server applications. Toshiba also has agreed to transfer to Western Digital its entire shareholding in TSDT. The acquisition gives Western Digital a way to complete its pending acquisition of Hitachi Global Storage Technologies.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.