Western Digital Hitachi Complete Acquisition effective
from 8
March
2012,
Western
digital
(WD)
master
almost
all
ownership of Hitachi Global Storage
Technologies
with the value reaching USD 3.9 billion.
Viviti Technologies Ltd (formerly Hitachi
Global Storage Technologies) now has only
10% of the shares, though they
have the right to place two
representation in the board of directors of
WD.
The new WD will operate with the WD
Technologies (WD) and HGST as a child
wholly-owned company. reportedly
revenues of both companies
reaches USD 15 billion in 2011.
As chief executive officer of WD, John
Coyne,
lead the new office with CEO Steve
Milligan as president, Tim Leyden as
chief operating officer and Wolfgang Nickl
as chief financial officer.
"By having two successful companies and
the best talents in the industry, we hope
can achieve great things as we build
The new WD, "said John Coyne, CEO of WD
information received in detikINET,
Sunday (03/11/2012).
According to IDC data disk requests will
continues to increase 8.6% per year from
2011 to
2016, it is certainly consistent with the
objectives WD
Hitachi acquired.
"With an expanding consumer base
significant and growing resources,
The new WD was in a strong position to
seize the opportunity to grow, "added
Coyne. Western Digital Hitachi Complete Acquisition