M&A Deal Summary

Seagate Technology Acquires Dot Hill Systems

On August 18, 2015, Seagate Technology acquired technology hardware company Dot Hill Systems for 694M USD

Acquisition Highlights
  • This is Seagate Technology’s 7th transaction in the Technology Hardware sector.
  • This is Seagate Technology’s 2nd largest (disclosed) transaction.
  • This is Seagate Technology’s 7th transaction in the United States.
  • This is Seagate Technology’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-08-18
Target Dot Hill Systems
Sector Technology Hardware
Buyer(s) Seagate Technology
Deal Type Add-on Acquisition
Deal Value 694M USD
Advisor(s) Morgan Stanley
Needham & Co. LLC (Financial)
Cooley (Legal)

Target

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.

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Buyer(S) 1

Buyer

Seagate Technology

Dublin, Ireland
Category Company
Founded 1978
Sector Technology Hardware
Employees33,400
Revenue 7.4B USD (2023)
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 9 of 11
Sector (Technology Hardware) 7 of 8
Type (Add-on Acquisition) 6 of 7
State (Colorado) 1 of 1
Country (United States) 7 of 8
Year (2015) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 Avago Technologies - Flash Business

Singapore

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

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Lyve Minds

Cupertino, California, United States

Lyve Minds, Inc. is a provider of cloud base app to pull all of individual user photos and videos together organizes them into one collection, and gives you instant access anywhere.

Buy -
Mergr

Product

Company

Legal