M&A Deal Summary

Verbatim Acquires Hard Disk Drive /SmartDisk/

On July 5, 2007, Verbatim acquired technology hardware company Hard Disk Drive /SmartDisk/ from Smartdisk

Acquisition Highlights
  • This is Verbatim’s 1st transaction in the Technology Hardware sector.
  • This is Verbatim’s 1st transaction in the United States.
  • This is Verbatim’s 1st transaction in Florida.

M&A Deal Summary

Date 2007-07-05
Target Hard Disk Drive /SmartDisk/
Sector Technology Hardware
Buyer(s) Verbatim
Sellers(s) Smartdisk
Deal Type Add-on Acquisition

Target

Hard Disk Drive /SmartDisk/

Bonita Springs, Florida, United States
SmartDisk's external hard drive (HD) and digital imaging business.

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Buyer(S) 1

Buyer

Verbatim

Charlotte, North Carolina, United States

Category Company
Founded 1969
Sector Technology Hardware
DESCRIPTION

Verbatim has been at the forefront of the evolution in data storage technology.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Smartdisk

Bonita Springs, Florida, United States

Category Company
DESCRIPTION

SmartDisk Corporation owns and licenses FlashTrax patents. These patents relate to devices and methods for transferring data from flash memory modules, digital cameras, and other such devices to an intermediary repository device, such that the data could be transferred to a laptop or desktop computer at later point of time.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1