Hitachi Global Storage Technologies has decided to get into the external storage business by acquiring Fabrik, the privately-held developer of the consumer-oriented SimpleTech and business-centric G-Technology storage brands. Hitachi says it plans to build a new external storage business around Fabrik, with ongoing support for Fabrik’s existing product lines.
Financial terms of the deal were not disclosed.
"The Fabrik acquisition becomes the cornerstone for the next phase of our business transformation," said Hitachi GST president Steve Milligan, in a statement. "It strategically expands our market presence, strengthens our product portfolio, and increases our customer base."
