M&A Deal Summary

Western Digital Acquires Komag

On June 28, 2007, Western Digital acquired technology hardware company Komag from Cloquet Capital Partners for 1.0B USD

Acquisition Highlights
  • This is Western Digital’s 3rd transaction in the Technology Hardware sector.
  • This is Western Digital’s 3rd largest (disclosed) transaction.
  • This is Western Digital’s 3rd transaction in the United States.
  • This is Western Digital’s 3rd transaction in California.

M&A Deal Summary

Date 2007-06-28
Target Komag
Sector Technology Hardware
Buyer(s) Western Digital
Sellers(s) Cloquet Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Komag

Milpitas, California, United States
Komag is a supplier of thin-film disks, the primary high-capacity storage medium for digital data. Komag leverages the combination of its world-class U.S. research and development center and Malaysian manufacturing operations to produce disks that meet the high-volume, stringent quality, low cost and demanding technology needs of its customers.

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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 serves each of the primary markets addressing storage opportunities including enterprise and cloud data centers, client, consumer electronics, backup, the internet and other emerging markets such as automotive and home and small office networking. Western Digital was formed in 1970 and is based in San Jose, California.


DEAL STATS #
Overall 3 of 15
Sector (Technology Hardware) 3 of 7
Type (Add-on Acquisition) 2 of 12
State (California) 3 of 12
Country (United States) 3 of 14
Year (2007) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-24 Read-Rite

Fremont, California, United States

Read-Rite Corp. is a magnetic read-write head developer.

Buy $95M
FOLLOWING 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

Seller(S) 1

SELLER

Cloquet Capital Partners

New Canaan, Connecticut, United States

Investor Investor Investor

website


Category Growth Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cloquet Capital Partners is a private investment firm focused on early to growth stage company investing. Areas of interest include IT services, value-added manufacturing, distribution, and business services. Cloquet looks to commit up to $5OOK per transaction. Cloquet Capital Partners was formed in 2003 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 8 of 13
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (California) 1 of 4
Country (United States) 8 of 13
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 eStara

Reston, Virginia, United States

eStara, Inc. provides Click to Call service, which enables online customers to speak directly with a customer service representative.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 MSA Aircraft Products

San Antonio, Texas, United States

MSA Aircraft Products, Inc. is a designer, manufacturer and provider of highly engineered window systems and associated composite components for use in Business Jet aircraft, as well as in new applications in the 1st Class Commercial aircraft segment of the aerospace industry. The company provides an extensive suite of patented products, comprehensive services and support to aircraft OEMs, completion centers and dealers worldwide.

Buy -