Under the agreement just announced, the joint venture – to be based in China - will be owned 51% by Unis and its subsidiary, Unissoft (Wuxi) Group, and 49% by the California-based Western Digital.
Western Digital says the partnership will combine the China-based Unis’ knowledge of the Chinese market with its own storage solutions portfolio.
The transaction has been approved by the boards of each company, and the joint venture is expected to become operational by the second calendar quarter of 2016, pending regulatory approvals.
“With Unis’ experience, together we can offer a portfolio of storage solutions that is tailored to the needs of China-based customers. We also look forward to maintaining strong relationships with our existing partners in China.”
Weiguo Zhao, Chairman of Tsinghua Unigroup and Unisplendour Corporation said the company was “excited to offer our knowledge of the Chinese IT space in order to bring Western Digital’s portfolio of storage solutions to market.
“Our track-record of working with global technology companies has positioned us well as Western Digital’s partner in this endeavour, and we look forward to capturing the attractive growth opportunity in China together.”