Seagate has completed its acquisition of Samsung's hard drive business, resulting in the transfer of selected assets, infrastructure and employees from Samsung to Seagate, including the M8 product line of 2.5in drives.
Engineering staff from Samsung's South Korea facility will join Seagate, which will gain an expanded customer base in China, south east Asia, Brazil, Germany and Russia.
Seagate will also be able to produce more hard drives, which will be a valuable asset during the current market drought created by flooding in Thailand.
The acquisition was announced in April, along with other deals between the two companies, such as a guaranteed supply of Seagate hard drives for Samsung PCs, notebooks and consumer devices.
Samsung is also providing semiconductor products for Seagate solid state drives, and the companies have negotiated an expansion of a patent cross-licensing agreement.
"Together, Seagate and Samsung have aligned our current and future product development efforts and roadmaps in order to accelerate time-to-market efficiency for new products and position us to better address the increasing demands for storage," said Seagate chief executive Steve Luczo.
"It is an exciting time in the industry with rapidly evolving opportunities in many markets including mobile computing, cloud computing and solid state storage."
The financial terms include a transfer of 45,239,490 ordinary shares of Seagate and an unspecified amount in cash, the total value approaching approximately $1.4bn.
The Samsung brand will remain on some HDD products for the next year while the transition of product lines takes place.
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