History (1990): Siemens to Sell 40% of Interests in Tandberg Data

Siemens AG (Munich, West Germany) is to sell 40% of its interests in Tandberg Data (Oslo, Norway) to Wearnes Technology, a Singapore-based manufacturer, for a reported $9.5 million while retaining a 19% share + rights to market Tandberg drives in Japan and Tandberg monitors in parts of Europe.

In 1989, Tandberg’s WW sales approached $130 million, about half of them to OEMs like Data General, IBM, MAI Basic Four, Nixdorf, Sequent and Siemens for 3.5 and 5.25-inch cartridge drives.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue ≠31, published on August 1990.