Seagate to Acquire LaCie for US$186 Million
LaCie, a computer hardware company specializing in external hard drives and Mac's peripheral maker, just announced that they will be acquired by the hard drive maker Seagate for $186 million. According to our source, the all-cash deal amounts to 4.05 euros per share, with Seagate to acquire 64.5% of LaCie's outstanding shares from Philippe Spruch, the company's chairman and CEO, as well as his affiliate.
The two companies will combine two complementary products and technology portfolio, with LaCie's premium consumer storage solutions and network-attached storage products to Seagate's consumer storage products.
"This transaction would bring a highly complementary set of capabilities to Seagate, significantly expand our consumer product offerings, add a premium-branded direct-attached storage line, strengthen our network-attached storage business line and enhance our capabilities in software development," said Steve Luczo, Seagate chairman, president, and CEO.
Upon the approval of the deal, Spruch would join Seagate and be in charge of the company's consumer storage products organization.