Business Services Industry
Norway's Tandberg Data ASA completes acquisition of US data storage company Exabyte Corporation
Nordic Business Report, Nov 20, 2006
NORDIC BUSINESS REPORT-20 November 2006-Norway's Tandberg Data ASA completes acquisition of US data storage company Exabyte Corporation(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Norwegian data storage solutions manufacturer Tandberg Data ASA said on Monday (20 November) that it has completed its previously announced acquisition of US data storage company Exabyte Corporation.
The purchase price was USD28m.
The combined company is expected to achieve revenues of USD200m in 2006, which makes it one of the world's largest data storage manufacturers.
Tandberg Data, based in Oslo in Norway, is a global supplier and manufacturer of professional tape information storage products. The company has operations in Norway, the US, France, Germany, Singapore and Japan. Tandberg Data is listed on the Oslo Stock Exchange under the ticker TAD.
One British pound (GBP) is worth approximately 1.91 US dollars (USD).
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