NewImageHard drive maker Seagate has announced it will purchase data storage device maker LaCie for roughly $186 million.

The company plans to buy the controlling stake owned by Philippe Spruch, Lacie's chairman and CEO, followed by a cash-offer for the rest of the outstanding shares, reports Forbes. Spruch is expected to join Seagate as the head of the company's consumer storage products group.

"The transaction would combine two highly complementary product and technology portfolios, adding LaCie’s line of premium branded consumer storage solutions, network-attached storage solutions and software offerings to Seagate’s array of mainstream consumer storage products," Seagate said in a statement. "The combination would accelerate Seagate’s growth strategy in the expanding consumer storage market, particularly in Europe and Japan, and add strong engineering and software development capabilities, as well as relationships with several key retailers."

Top Rated Comments

jjhny Avatar
116 months ago
I just have to say - 186 million for a company that actually makes a product as opposed to 'Fakebook' which makes absolutely nothing (but is a home for lonely, OCD, narcissists) and was initially valued at 100 billion (remember that 1 billion = 1,000 million).

Seriously - it makes sense that we are in a financial mess when things are this far out of whack!
Score: 20 Votes (Like | Disagree)
MTShipp Avatar
116 months ago
LaCie + Seagate = LaSeagate :)

or SeaCie :D
Score: 17 Votes (Like | Disagree)
The Man Avatar
116 months ago
Right now, Lacie uses different brands for their HDD (Samsung, Toshiba, etc.) I reckon it will be only Seagate after this. I like Lacie design, though sometimes they compromise on the build quality for the sake of design.
Score: 7 Votes (Like | Disagree)
ppc_michael Avatar
116 months ago
Hopefully they'll ditch the "design" by Porche. That ****'s ugly.
Score: 6 Votes (Like | Disagree)
Marx55 Avatar
116 months ago
This is a really sad news. Seagate drives are the best to lose data. Too many horror Seagate drive stories by now. Noisy, heat monsters. I rather want LaCie with Hitachi inside. What a shame!!!
Score: 6 Votes (Like | Disagree)
Battlefield Fan Avatar
116 months ago
I hope they keep LaCie's quality, all my external HD are from them and are excelent, the oldest is 9 years and I still use it weekly.

This should be in the frontpage.

Quality? Have you tried their new drives?
Score: 6 Votes (Like | Disagree)

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