Toshiba to acquire SSD assets of OCZ

OCZ RevoDrive 3 - PCI-Express (PCIe) SSD

OCZ RevoDrive 3 – PCI-Express (PCIe) SSD

Toshiba has agreed to buy the assets of bankrupt SSD specialist OCZ Technology.

The agreement is subject to the approval of the bankruptcy court.

“If our bid is successful, the combination of our NAND technology with OCZ’s SSD expertise will allow us to further strengthen Toshiba’s SSD business,” says Toshiba vp Seiichi Mori, “we value OCZ’s SSD business and technology in both the consumer and enterprise markets, and we are confident that it will reinforce our capabilities and help us to secure leadership in the SSD market.”

“Toshiba brings the necessary capital and NAND flash supply and expertise, which together with our solid state drive technology will enable us to provide client and enterprise customers with a very compelling total storage solution,” solutions,” says Ralph Schmitt CEO of OCZ, “this combination will make for an unstoppable force in the highly competitive SSD market.”

If all goes well in the bankruptcy court, the deal should be completed in January.

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