Seagate buys a controlling stake in LaCie for $ 186 million

The two companies, Seagate and LaCie, worked together for a long time - even jointly releasing some models of hard drives. But now the two companies will become practically one. The fact is that Seagate buys a 64.5% stake in a French company, and the latter actually becomes part of Seagate. This share is estimated at $ 186 million, which is quite a lot, even for large companies.

The deal has not yet been completed, and most likely it will be closed by the end of 2012. If the regulatory authorities approve this transaction, then soon Seagate will acquire the remaining stake, thus buying out all the assets of the French company. All shares will be bought for cash, and not for any other means (various kinds of securities, for example).
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The price of shares repurchased may vary slightly, but not more than 3%. It should be noted that there are not so many hard drive manufacturers left, and in the case of closing a deal, one manufacturer will become smaller. After the merger, Seagate will have a line of LaCie hard drives, which will include premium models.

In addition, Seagate also receives additional customers who are committed to the products of the purchased company. And the sales markets for Seagate hard drives are also expanding. In the event of a successful merger, the executive director of LaCie will go to work at Seagate, and will occupy the position of head of the unit for the production of consumer storage devices.

Via engadget