M&A Deal Summary

Seagate Technology Acquires Avago Technologies - Flash Business

On May 29, 2014, Seagate Technology acquired technology hardware company Avago Technologies - Flash Business from Broadcom for 450M USD

Acquisition Highlights
  • This is Seagate Technology’s 6th transaction in the Technology Hardware sector.
  • This is Seagate Technology’s 4th largest (disclosed) transaction.
  • This is Seagate Technology’s 1st transaction in Singapore.

M&A Deal Summary

Date 2014-05-29
Target Avago Technologies - Flash Business
Sector Technology Hardware
Buyer(s) Seagate Technology
Sellers(s) Broadcom
Deal Type Divestiture
Deal Value 450M USD

Target

Avago Technologies - Flash Business

Singapore
Avago Technologies' Flash Business offers enterprise-grade PCIe flash solutions focused on the high-growth cloud and hyperscale markets.

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Buyer(S) 1

Buyer

Seagate Technology

Dublin, Ireland

Category Company
Founded 1978
Sector Technology Hardware
Employees30,000
Revenue 9.1B USD (2025)
DESCRIPTION
Seagate facility in Fremont, California.
Seagate facility in Fremont, California.

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.


DEAL STATS #
Overall 8 of 12
Sector: Technology Hardware M&A 6 of 9
Type: Divestiture M&A Deals 3 of 4
Country: Singapore M&A 1 of 1
Year: 2014 M&A 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Xyratex

Hampshire, United Kingdom

Xyratex is a world-leading storage technology company, focused on creating essential building blocks for data storage networks, and technology for enabling high-performance digital communication networks and storage devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 Dot Hill Systems

Longmont, Colorado, United States

Dot Hill Systems Corp. is a designer and manufacturer of software and hardware storage systems for the entry and mid-range storage markets worldwide.

Buy $694M

Seller(S) 1

SELLER

Broadcom

Palo Alto, California, United States

Category Company
Founded 1961
Sector Semiconductors
Employees37,000
Revenue 51.6B USD (2024)
DESCRIPTION

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 1961 and is based in Palo Alto, California.


DEAL STATS #
Overall 2 of 10
Sector: Technology Hardware M&A 1 of 5
Type: Divestiture M&A Deals 2 of 10
Country: Singapore M&A 1 of 4
Year: 2014 M&A 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 LSI

San Jose, California, United States

LSI Corp. is a provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software.

Buy $6.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 PLX Technology

Sunnyvale, California, United States

PLX Technology, Inc., is a provider of semiconductor-based connectivity solutions primarily targeting the enterprise and consumer markets. PLX provides manufacturers worldwide with innovative software-enriched silicon through feature differentiation, high-quality interoperability and superior performance.

Buy $309M