After word got out that Western Digital is purchasing SanDisk in October 2015, many wondered what this upsized storage vendor is now able to bring to the table with this acquisition. Come mid-May 2016, the renowned portable storage maker has completed its buyout of the flash drive manufacturer.
Upon completion of this buyout, Western Digital sent a notice out that it is now a comprehensive solutions provider that offer deep expertise in both rotating magnetic storage and non-volatile memory (NVM). In short, it now is – more or less – an end-to-end provider of extensive mechanical and flash storage systems.
“Today is a significant day in the history of Western Digital as are officially welcoming SanDisk into the Western Digital family. This transformational combination creates a media-agnostic leader in storage technology with a robust portfolio of products and solutions that will address a wide range of applications in almost all of the world’s computing and mobile devices. We are excited to now begin focusing on the many opportunities before us – from leading innovation to bringing the best of what we can offer as a combined company to our customers,” said Steve Milligan, CEO of Western Digital.
In merging operations, Western Digital is looking to fully realise the value of the merger as both organisations move to synergise their work-flows, generate significant cash flow as a result, and rapidly reduce the balance sheets of their operations. The end-goal, of course, is to create significant long-term value for shareholders.
According to the media notice, the integration process begins immediately and will see Milligan continuing to serve in his role as CEO of Western Digital, while his SanDisk counterpart – Sanjay Mehrota, also Co-Founder and President – will serve on the Western Digital Board of Directors with immediate effect.
“Being a combined company now, we are certainly best positioned to address the demands for data storage, which is growing exponentially every year. Growth and change go hand in hand, and we couldn’t be happier to grow and change together with Western Digital. I look forward to contributing to realizing the potential of this combination as a member of the board,” said Sanjay Mehrotra.
There has been no word on how the naming convention for current and upcoming SanDisk products will play out. For now, it will remain as is and will only see any possible changes being made once the combination process is complete.