Hitachi Global Storage Technologies acquires substrate manufacturing facility from Western Digital
Jul 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Western Digital Corp. (WDC)
Hitachi Global Storage Technologies (Hitachi GST), a manufacturer of hard disk drives, has acquired a substrate manufacturing facility located in Sarawak, Malaysia from Western Digital Corporation. Both the companies are based in the US.
Western Digital designs, develops, manufactures, and sells hard drives. The manufacturing facility produces aluminum substrates for hard disk drives.
Announcement (May 20, 2009):
Hitachi GST has agreed to acquire a substrate manufacturing facility located in Sarawak, Malaysia from Western Digital.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-07-02
Deal Participants
Target (Company) Western Digital Corporation - Substrate Manufacturing Facility - Malaysia Acquirer (Company) Hitachi Global Storage Technologies Vendor (Company) Western Digital Corporation
Deal Rationale
The acquisition would enable Hitachi GST to further strengthen its operational efficiencies.
Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved
News Provided by COMTEX
Company: Western Digital Corp. (WDC)
Related terms: acquisition, malaysia, manufacturer, manufacturing
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