Daily News for the Geek Mind

Toshiba and Fujitsu Agree on HDD Business Transfer

Apr 30 2009, 6:30am CDT | by , in News | Hardware & Peripherals

Toshiba and Fujitsu Agree on HDD Business Transfer
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy toshiba hard drive from Amazon Cyber Monday and Black Friday Now

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

Now Watch

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Read the Latest from I4U News


blog comments powered by Disqus