M&A Deal Summary

Seagate Technology Acquires Intevac

On February 13, 2025, Seagate Technology acquired technology hardware company Intevac

Acquisition Highlights
  • This is Seagate Technology’s 9th transaction in the Technology Hardware sector.
  • This is Seagate Technology’s 9th transaction in the United States.
  • This is Seagate Technology’s 5th transaction in California.

M&A Deal Summary

Date 2025-02-13
Target Intevac
Sector Technology Hardware
Buyer(s) Seagate Technology
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Intevac

Santa Clara, California, United States
Intevac is a provider of hard disk drive equipment products and photons solutions. Intevac was founded in 1990 and is based in Santa Clara, California.

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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 12 of 12
Sector: Technology Hardware M&A 9 of 9
Type: Add-on Acquisition M&A Deals 8 of 8
State: California M&A 5 of 5
Country: United States M&A 9 of 9
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 Kioxia

Tokyo, Japan

Kioxia is a provider of non-volatile memory solutions. The products can be found embedded in smartphones, MP3 players, satellite navigation systems, digital still cameras and digital video recorders. KIOXIA also produces a wide range of digital media storage devices such as SDHCTM, SDXCTM, microSDTM, and FlashAirTM wireless memory cards and USB flash drives to meet the growing storage needs of electronic devices. Kioxia was founded in 2017 and is based in Tokyo, Japan.

Buy $18.0B