Western Digital to Acquire SanDisk

Western Digital has entered an agreement with SanDisk Corporation to acquire the outstanding shares of SanDisk. This combination, according to a company press release, is the next step in the transformation of Western Digital into a storage solutions company with expertise in non-volatile memory (NVM).

The companies both offer complementary product lines, including hard disk drives, solid-state drives, cloud data center storage and flash storage solutions. These solutions, according to Western Digital, will provide the foundation for a broader set of products and technologies.

“This transformational acquisition aligns with our long-term strategy to be an innovative leader in the storage industry by providing compelling, high-quality products with leading technology,” said Steve Milligan, chief executive officer, Western Digital. “The combined company will be ideally positioned to capture the growth opportunities created by the rapidly evolving storage industry. I’m excited to welcome the SanDisk team as we look to create additional value for all of our stakeholders, including our customers, shareholders and employees.”

For more information, visit Western Digital.

Sources: Press materials received from the company and additional information gleaned from the company’s website.