Seagate Technology - M&A Summary and Business Overview

Technology HardwareCompany

Seagate Technology M&A Summary

Seagate Technology has acquired 11 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Seagate Technology’s largest acquisition to date was in 2017, when it acquired Kioxia Holdings for $18.0B. It’s largest disclosed sale occurred in 2015, when it sold eVault to Carbonite for $14M. Seagate Technology has acquired in 4 different US states, and 4 countries. The Company’s most targeted sectors include technology hardware (73%) and internet software and services (19%).

Seagate Technology Business Overview

Where is Seagate Technology headquartered?

Seagate Technology is headquartered in Dublin, Ireland.

What is Seagate Technology’s revenue?

Seagate Technology disclosed revenue of 11,661M USD for 2022 and 10,681M USD for 2021.

How many employees does Seagate Technology have?

Seagate Technology has 40,000 employees.

What sector is Seagate Technology in?

Seagate Technology is a technology hardware company.

When was Seagate Technology founded?

Seagate Technology was founded in 1978.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 5

Seagate Technology

Seagate Technology PLC

38/39 Fitzwilliam Square,
Dublin,
Ireland,
+353 1 234 3136
www.seagate.com

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 11 - - - - - 11
vol $19.8B $19.8B
Sell (0.0/yr) # 1 - - - - - 1
vol $14M $14M
  12

Most Recent M&A

Company Date Value Type
Kioxia Holdings Corporation 2017-09-28 18.0B USD Divestiture
Tokyo, Japan · www.kioxia-holdings.com
eVault, Inc. 2015-12-16 14M USD Divestiture
San Francisco, California · www.evault.com
Lyve Minds, Inc. 2015-10-19 - Add-on Acquisition
Cupertino, California · www.mylyve.com
Dot Hill Systems Corp. 2015-08-18 694M USD Add-on Acquisition
Longmont, Colorado · www.dothill.com
Avago Technologies - Flash Business 2014-05-29 450M USD Divestiture
, Singapore
Xyratex Ltd. 2014-03-31 - Add-on Acquisition
Hampshire, United Kingdom · www.xyratex.com
Samsung HDD 2011-12-19 - Divestiture
, United States
MetaLINCS 2007-12-07 - Add-on Acquisition
Houston, Texas
eVault, Inc. 2006-12-21 185M USD Add-on Acquisition
San Francisco, California · www.evault.com
Maxtor Corp. 2006-05-22 - Add-on Acquisition
Milpitas, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Kioxia Holdings Corporation 2017-09-28 Lite-On Technology Corp. - SSD Business 2019-08-30 2
Tokyo, Japan · www.kioxia-holdings.com , Taiwan
Imprimis Technology, Inc. 1989-06-13 Piper Aircraft, Inc. 2009-05-01 1
, United States Vero Beach, Florida · www.piper.com

M&A by Sector

Sector Buy # Value Sell # Value
Technology Hardware 8 (73%) 19.6B (99%) - -
Internet Software and Services 2 (18%) 185M (1%) 1 (100%) 14M (100%)
Software 1 (9%) - - -
Total 11 $19.8B 1 $14M

By Geo

State/Country Buy Value Sell Value
United States 8 1.3B 1 14M
  California 4 185M 1 14M
  Texas 1 - - -
  Colorado 1 694M - -
Japan 1 18.0B - -
Singapore 1 450M - -
United Kingdom 1 - - -
Domestic - - - -
Cross-border 11 (100%) 19.8B (100%) 1 (100%) 14M (100%)
Total 11 $19.8B 1 $14M

Top M&A Advisors

Financial Deals
GTK Partners
 1
Allen & Company
 1
Centerview Partners
 1
Legal Deals
Wilson Sonsini Goodrich & Rosati
 4
Baker & McKenzie
 1

Deal Values

buy # Total
> $1B 1 $18.0B
$100M to $1B 4 $1.8B
TOTAL $19.8B
Largest Kioxia Holdings Corporation
$18.0B (2017-09-28)
sell # Total
< $100M 1 $14M
TOTAL $14M
Largest eVault, Inc.
$14M (2015-12-16)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
36%
4 (36%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Technology Hardware

Revenue

11,661   10% 2022
10,681   2% 2021
10,509   2% 2020
10,390   8% 2019
11,184   4% 2018
10,771   4% 2017
11,160   19% 2016
13,739   1% 2015
13,724   5% 2014
14,351   2013
(millions of USD) Show More Show Less

Employees

40,000

Established

1978

Public

NASDAQ: STX

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