Seagate acquiring French hard drive company LaCie


Hard drive company Seagate has said that they will be acquiring LaCie, the French company responsible for a range of consumer hard drives and related products.

Seagate has reportedly offered $186 million for 64.5% of the shares controlled by the French company’s CEO, Philippe Spruch. This works out to about €4.05 per share, a premium of nearly 30%.

Under the terms of the deal Spruch would join Seagate, though the position he would take up hasn’t been made known. Seagate may be acquiring LaCie in an attempt to penetrate the Mac-owning segment of the market.

Source: AllThingsD


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