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Hitachi GST set to acquire Fabrik

Posted: 26 Feb 2009     Print Version  Bookmark and Share

Keywords:storage solutions  external storage  G-Technology  SimpleTech 

Hitachi Global Storage Technologies (Hitachi GST) has announced that it will acquire Fabrik Inc., a privately-held supplier of personal and professional storage solutions.

Industry analyst firm International Data Corp. predicts worldwide personal storage device shipments to increase from approximately 5.2 crore in 2008 to 12.3 crore in 2012. Financial details of the transaction were not disclosed. Closing of the acquisition is expected to occur early in the second quarter this year.

Fabrik's business will continue intact and form the core of Hitachi GST's newly-formed external storage business. Hitachi GST will fully support the G-Technology and SimpleTech product lines, building upon their success and differentiation in the market. The combined company will also leverage operational, technical and product development resources, distribution channels and global reach to accelerate delivery of a full portfolio of traditional hard drives, solid state drives and branded personal and professional storage products.

As a 20-year storage veteran, Mike Cordano, Fabrik CEO and co-founder, will join Hitachi GST as a key member of the executive management team.

Fabrik's storage brands include G-Technology, offering premium external storage solutions for the Mac, content creation and professional A/V markets; and SimpleTech, PC-based external storage and backup solutions.

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