M&A Deal Summary

Western Digital Acquires HGST

On March 7, 2011, Western Digital acquired software company HGST from Hitachi for 4.3B USD

Acquisition Highlights
  • This is Western Digital’s 1st transaction in the Software sector.
  • This is Western Digital’s 2nd largest (disclosed) transaction.
  • This is Western Digital’s 5th transaction in the United States.
  • This is Western Digital’s 5th transaction in California.

M&A Deal Summary

Date 2011-03-07
Target HGST
Sector Software
Buyer(s) Western Digital
Sellers(s) Hitachi
Deal Type Divestiture
Deal Value 4.3B USD

Target

HGST

San Jose, California, United States
website
HGST (formerly Hitachi Global Storage Technologies) is a new type of storage company for a new world where ever-increasing amounts of content are being generated from cloud services, Internet content providers, social networks, mobile devices, Big Data and enterprise business transactions.

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Buyer(S) 1

Buyer

Western Digital

San Jose, California, United States

website


Category Company
Founded 1970
Sector Technology Hardware
Employees63,800
Revenue 18.8B USD (2022)
DESCRIPTION
Western Digital's corporate headquarters in Irvine, California.
Western Digital's corporate headquarters in Irvine, California.

Western Digital is a developer and manufacturer of storage products that enable people to create, manage, experience and preserve digital content. The Company designs and makes storage devices, networking equipment and home entertainment products under the WD, HGST and G-Technology brands. Western Digital was formed in 1970 and is based in San Jose, California.


DEAL STATS #
Overall 5 of 15
Sector (Software) 1 of 6
Type (Divestiture) 1 of 1
State (California) 5 of 12
Country (United States) 5 of 14
Year (2011) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-30 SiliconSystems

Aliso Viejo, California, United States

SiliconSystems, Inc. is a supplier of solid-state drives for the embedded systems market.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Arkeia Software

Carlsbad, California, United States

Arkeia Software, Inc. is a data protection company based in Carlsbad, California.

Buy -

Seller(S) 1

SELLER

Hitachi

Tokyo, Japan

website


Category Company
Founded 1910
Sector Diversified
Employees350,864
Revenue 10.26T JPY (2022)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 6
Sector (Software) 1 of 2
Type (Divestiture) 1 of 6
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Bravura Security

Calgary, Alberta, Canada

Bravura Security is a developer of deploys identity and access management software for organizations in Canada and internationally. Bravura Security is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-15 Hitachi Elevator Philippines

Quezon City, Philippines

Hitachi Elevator Philippines Corp. is a distributor of elevators and escalators.

Buy -