Fujitsu sells Toshiba vinchesterny your business

Fujitsu Europe Ltd. announced its intention to sell Toshiba its business to manufacture hard disk drives. The memorandum, signed by firms, states that Fujitsu will provide the production disk to a separate company and will allow Toshiba to buy 80 percent stake in the project. Most Fujitsu get as easy to calculate that 20 per cent. Hang out with such a company was forced to step in potential losses of $ 112 million dollars that it could incur in the field.

Although an agreement for the sale itself will be published soon, the companies expect that the actual transaction will be completed in the first fiscal quarter of Toshiba, which will begin in April.

In Toshiba treat this transaction as highly beneficial for the company, seriously strengthening its position in the category of small hard drive, which are built into laptops and portable media players. Japanese manufacturer also sees the purchase as an opportunity to increase its presence in the sectors of hybrid and flash drives designed for servers and other repositories of business class. In addition, this acquisition Toshiba will increase its ability to battle with the major competitors, including Hitachi, Seagate and Western Digital.