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Economy

Unisplendour to form joint venture with Western Digital

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2015-11-10 14:26CRIENGLISH.com Editor: Feng Shuang

Unisplendour and Western Digital today announced an agreement to form a joint venture.

Under the agreement, Western Digital will sell its current data center storage systems in China to Unis and to develop data center storage solutions for the Chinese market in the future.

As a leading information technology company in China, Unis will own 51% shares of the joint venture and its subsidiary, Unissoft, which located in South China's Wuxi.

The remaining 49% will be owned by U.S. firm Western Digital.

The venture will combine Unis' knowledge of the Chinese market with Western Digital's 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 quarter of 2016.

The joint venture will be based in China.

  

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