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Seagate to acquire mac storage provider lacie for $186 million by ferujkll sdff
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Seagate to acquire mac storage provider lacie for $186 million |
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Business,Business News,Business Opportunities
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Mac peripheral maker LaCie announced on Wednesday that it will beacquired by hard drive maker Seagate for $186 million. The all-cash deal is valued at 4.05 euros per share, with Seagateto acquire 64.5 percent of LaCie's outstanding shares from PhilippeSpruch, the company's chairman and CEO, as well as his affiliate.The offer from Seagate values LaCie at 146 million euros, or $186million U.S., including acquired net cash of about 49 millioneuros, or $65 million U.S., as of March 31, 2012. The two companies said the acquisition will combine two highlycomplementary product and technology portfolios, adding LaCie'spremium consumer storage solutions and network-attached storageproducts to Seagate's consumer storage products. Seagate sees thedeal accelerating its growth strategy in the consumer storagemarket, particularly in Europe and Japan, as well as addingengineering and software capabilities.
"This transaction would bring a highly complementary set ofcapabilities to Seagate, significantly expand our consumer productofferings, add a premium-branded direct-attached storage line,strengthen our network-attached storage business line and enhanceour capabilities in software development," said Steve Luczo,Seagate chairman, president and CEO. If the deal is approved, Spruch would join Seagate and be in chargeof the company's consumer storage products organization. Luczo saidSeagate is excited to have Spruch, who he called "a true visionaryand leader," to join their business. "With the proliferation of devices and content being shared andstored today, consumer demand for high-quality branded storagesolutions continues to grow," Spruch said. "We are excited aboutthe potential for this combination to benefit customers andemployees by creating significant scale and opening up new markets.We look forward to making the resources of a much larger companyavailable to our customers around the world." LaCie has been a major supporter of Apple's Mac platform over theyears, and last June was one of the first companies to unveil a Thunderbolt-based external solid-statedrive.
Apple launched the high-speed Thunderbolt port on its Maclineup last year. Last September, LaCie began shipping the first Thunderbolt hard drives priced under $1,000. The LittleBig Disk can be purchased through Apple's online store, and startsat $399.95 for 1-terabyte. I am a professional writer from Fuses, which contains a great deal of information about breast cancer ribbons , thin skin wigs, welcome to visit!
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