Already the owner of the Verbatim brand, Mitsubishi Kagaku Media Co., Ltd. (MKM) now acquires Freecom BV.
Founded in 1989, Freecom designs, makes and markets desktop and mobile storage solutions, NAS devices, media players, internet radios, flash drives, DVD burners and pro tape drives.
The stock-funded acquisition includes all of Freecom’s physical assets, patents, trademarks, technology, engineering, sales and marketing expertise. The purchase price was not disclosed.
The new owners say, "The Freecom acquisition represents yet another investment made by the MKM/Verbatim group aimed at the growing external hard disk drive (HDD) market. The asset acquisition of SmartDisk, made in June 2007, has proved successful in establishing MKM/Verbatim in both the portable and desktop external HDD markets on a global basis. By leveraging the strength of the Verbatim brand and channel relationships in the worldwide removable storage markets, the MKM/Verbatim external HDD business has grown more than 600 percent during the past two years."
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