Toshiba and Fujitsu Agree on HDD Business Transfer

Apr 30 2009, 6:30am CDT | by Shane McGlaun

Toshiba and Fujitsu have announced an agreement today that will have Fujitsu transferring its HDD operations businesses to Toshiba. The agreement comes after the signing of an agreement on February 17, 2009.

The two companies plan to have the transfer finished by July 1, 2009. The Fujitsu operations will be transferred to a new Toshiba company called Toshiba Storage Device Corporation. The assets and multiple storage companies held by Fujitsu will all become part of the new company.

Once the transfer is complete Toshiba will handle sales and marketing of the HDD products including Fujitsu branded products and except for a few all Fujitsu sales and marketing offices will be owned by Toshiba as well. Toshiba will own 80.1% of the company by July 1, 2009 with Fujitsu continuing to hold 19.9% until the end of December 2010 when it will transfer all shares to Toshiba.

Via Toshiba

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Shane McGlaun
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

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