History 2001: DISC Acquires NSM Storage

DISC, Inc. has signed a definitive agreement to acquire all the outstanding shares of NSM Storage GmbH, which will become its subsidiary, in exchange for up to 1.2 million shares of DISC common stock.

Wilfried Beckmann will stay on as managing director of the Bingen, Germany-based company.

Founded in 1994, NSM Storage, formerly NSM Jukebox, was a subsidiary of NSM AG and was subsequently acquired by PSi in 1999.

It’s one of the largest CD/DVD jukebox manufacturers in the world, claiming 90,000 units intalled WW while DISC is specialized in large 5.25-inch MO automation products.

The 2 companies had already initiated warmer relations, with each selling the other’s products on its own continent.

It remains to be seen whether the early engagement, which ended in a quick marriage, will enable DISC to have children, that is to say, to encourage growth worthy of the name, and above all to finally achieve some profit.

This article is an abstract of news published on issue 163 on August 2001 from the former paper version of Computer Data Storage Newsletter.