Western Digital allowed integrating substantial portions of its WD and HGST businesses

As a unified entity, Western Digital's extensive technology capability, deepened patent and product portfolios, and talented global team will further drive its ability to innovate and lead in the changing data storage industry.

The agency's decision is the result of an ongoing dialogue regarding the “hold separate” restriction associated with Western Digital's acquisition of HGST in March 2012.

As part of the agreement with MOFCOM, and in order to leverage the rich storage industry heritage of each long-standing brand, Western Digital will continue to offer both HGST and WD product brands in the market and maintain separate sales teams for two years from the date of the decision.

“The decision announced today positions us for continued growth and long-term value creation,” said Steve Milligan, chief executive officer of Western Digital. “HGST and WD are an exceptional combination, and together, we will set the pace for innovation in this dynamic and evolving industry.”

Integration activities will begin immediately and are expected to continue over the next 24 months.

Western Digital expects the integration of corporate and other key functions, including research and development, heads and media operations, engineering and manufacturing, will result in significant opportunities for growth, synergies and cost savings consistent with the levels previously outlined by the company.

With mobility and the cloud continuing to drive rapid data growth, businesses and consumers are increasingly looking for efficient and economical means to store, manage and access data.

From businesses that leverage data to generate insights for key decision-making to consumers looking for a place to protect priceless memories, Western Digital helps customers unlock and harness the power of data.