Western Digital Hitachi Complete Acquisition

Effective from March 8, 2012, Western Digital (WD) controlled almost the entireownership of Hitachi Global Storage Technologies with the value reaching USD 3.9billion.

Viviti Technologies Ltd (formerly Hitachi Global Storage Technologies) now only has 10% share, though they have the right to place two representatives on the board ofdirectors of WD.

The new WD will operate with WD Technologies (WD) and HGST as a wholly ownedsubsidiary. Reportedly the income of the two companies reached USD 15 billion in 2011.

As chief executive officer of WD, John Coyne, lead the new office with CEO SteveMilligan as president, Tim Leyden as chief operating officer and Wolfgang Nickl as chief financial officer.

"By having two successful companies and best talents in the industry, we hope toachieve great things as we build a new WD," said John Coyne, CEO of WD in astatement received detikINET, Sunday (03/11/2012).

According to IDC data disk demand will continue to increase 8.6% per year from 2011 to 2016, it is certainly consistent with the purpose of acquiring Hitachi WD.

"With an expanding customer base with significant and growing resources, the new WDis in a strong position to seize the opportunity to grow," added Coyne.

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