Seagate buys LaCie

The all-cash deal is valued at 4.05 euros per share, with Seagate to acquire 64.5 percent of LaCie's outstanding shares from Philippe Spruch, the company's chairman and CEO, as well as his affiliate. The offer from Seagate values LaCie at 146 million euros, or $186 million U.S., including acquired net cash of about 49 million euros, or $65 million U.S., as of March 31, 2012.

The two companies said the acquisition will combine two highly complementary product and technology portfolios, adding LaCie's premium consumer storage solutions and network-attached storage products to Seagate's consumer storage products. Seagate sees the deal accelerating its growth strategy in the consumer storage market, particularly in Europe and Japan, as well as adding engineering and software capabilities.


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