Seagate gets intevac, which produces equipment for $ 119 million, hard disk drivers

Seagate, data storage company announced his intention acquire InternationalA hard disk manufacturer is in a cash contract worth $ 119 million.

Seagate said on Thursday, the tender offer for the Intevac, which was sold to the public, he said he would pay $ 4 per share. Seagate will first receive the “at least one share of 50%”, which is missed and prominent shares of prominent shares, then the company will implement the “second step” combination to get the rest of the company.

The management of the Ingaj and the largest shareholders unanimously approved the operation unanimously. Seagate expects that in the late March or early April, the customary connection conditions.

Founded in 1991, Santa Clara Production produces subtle film collapse systems, such as a spin-off from the technological firm. In 1995, he was watched in the IPO and the territories, including China, Malaysia and Singapore for years.

The website supports Intavec, hard disk media production of products and existing hard disk systems. The firm’s preferred solution is one of the technologies such as magnetic notes or Hamr, which helps the heat, and improves the storage density of “ability to follow” heat energy.

This is not difficult to see how the Seagate matches the hard drive disk. Sea in December declared After two decades of technician, the first Hamr-based disk and the company plans to send several customers to several customers to several customers, including the “Leading Cloud Provider” this year.

Several SeaGate’s competitors, including Western digital and Toshiba, are also used by the detained demand, at the growing demand of the world around the world. Hospital-based drivers generally have a cost advantage over current firm-government technologies, they are especially attractive for public cloud vendors.

Inert The market cap is around $ 91.17 million as Thursday. In the last financial quarter (Q3 2024), the company earned $ 28.5 million in revenue, a net loss of $ 2.17 million in more than 59%.

Intavec last year late gossip “Strategic Options” and the company is investigating and reconstructed to “increase profitability.” One of these strategic choices appears from public markets, it seems.

Intavec is Seagate Getting the first basic The company, in 2017, is a supplier of flash memory and a solid state driver, Koxia, Flash memory and solid state drank state drankers. Seagate made 11 shopping in the 46-year history. Tracxn according to the financial databaseAbout $ 18 billion total.