Announcement posted by Gap Marketing and Management 24 May 2012
Sydney,
Australia – May 17, 2012 – Western Digital Corp. today announced
that it has completed its divestiture of certain 3.5-inch hard drive assets to
Toshiba Corporation, as required by regulatory agencies that conditionally approved
the company's completed acquisition of Viviti Technologies Ltd. (formerly Hitachi
Global Storage Technologies).
The
assets will enable Toshiba to manufacture and
sell 3.5-inch hard drives for the desktop and consumer electronics
markets and will enhance its ability to manufacture and sell 3.5-inch
hard drives for near-line (business critical) applications.
As
part of its deal with Toshiba, WD also completed its purchase of
Toshiba Storage Device (Thailand) Company Limited (TSDT), which
manufactured hard drives prior to the recent Thailand
flooding. The principal assets of TSDT are its Thailand property,
facilities and employees, which WD plans to integrate into its Thailand
operations. The financial terms of the two agreements were not
disclosed.
About WD
WD,
a storage industry pioneer and long-time leader, provides products and
services for people and organizations that collect, manage
and use digital information. The company designs and produces reliable,
high-performance hard drives and solid state drives that keep users'
data accessible and secure from loss. Its storage technologies serve a
wide range of host applications including
client and enterprise computing, embedded systems and consumer
electronics, as well as its own storage systems. Its home entertainment
products enable rich engagement with stored digital content.
WD was founded in 1970. The company's products
are marketed to leading OEMs, systems manufacturers, selected resellers and retailers
under the Western Digital, WD and HGST™ brand names. Visit
the Investor section of the company's website (www.westerndigital.com)
to access a variety of financial and investor information.