Seagate Technology say Tuesday it has completed the acquisition of the toilsome platter thrust ( HDD ) business of Samsung Electronics , after it recently receive approval for the deal in Australia , China , and the European Commission . Seagate tell in April that it was grow the HDD business organisation of Samsung Electronics for $ 1.4 billion in stock and John Cash .
Under the full term of the transaction , Seagate said it has gained parts of Samsung ’s HDD business , such as Samsung ’s M8 product line of high - mental ability , 2.5 - column inch drives , and other assets , substructure , and employees .
Samsung employees conjoin Seagate include a issue of senior managers and intention engineers from Samsung ’s South Korea facility , who will rise small phase - gene products for the roving computer science marketplace , Seagate state .
N.Y. Park , elderly vice Chief Executive and general manager , will superintend Seagate ’s intersection development activities in South Korea and serve as country manager of the local invention center , report to Bob Whitmore , Seagate ’s executive vice Chief Executive and chief technology officer , it said .
In 2010 , HDD shipments from both Seagate and Samsung added to 261.2 million units , giving the unite companies 40 per centum of the HDD market , IHS iSuppli analystFang Zhang tell in May in a blog billet . Western Digital and Hitachi Global Storage Technologies still held the identification number one position with a 50 percentage share .
The grocery store shares are likely to deepen dramatically in this quarter and former next year after the Thailand floods stanch production at the facility of Western Digital in the country , though the supply chain to Seagate ’s factories in the body politic was also affected .
The projected loss of despatch for Western Digital could prove a blessing in the brusque term for Seagate Technology and boost the number two HDD player to the top after trail Western Digital in total shipments for several quarters , IHS iSuppli said in November .
Western Digital said in March that it would buy Hitachi Global Storage Technologies for $ 4.3 billion in Johnny Cash and stock . The skill is bear to come together by March next year , as the company work to meet European Commission remedy provision , and find approvals from other regulative authorities .
Seagate said it is retaining certain Samsung HDD products under the Samsung brand name for 12 months , and maintain or establish a number of independent operations including sales faculty , key production lines and R&D ( research and development ) . Some of these motility are potential to be linked to conditions impose by China ’s Ministry of Commerce for approving the uniting , include command Seagate to inflate the production capacity of Samsung drive for six months , and betray Samsung ’s HDD intersection through an sovereign fellowship .
The Australian Competition & Consumer Commission approve the acquisition last week .
Seagate and Samsung have also extended and raise their existing patent crabby - license agreement , and have extend cooperation to co - develop endeavor storage result .
Under the terms of the understanding in April , Seagate is provide disc driving to Samsung for PCs , notebook computer and consumer electronics devices , while Samsung is supplying semiconductor products for use in Seagate ’s go-ahead solid state drives ( SSDs ) , strong - state hybrid driveway and other products .
