Japanese technology conglomerate Hitachi has officially launched the sale of its storage business. Valued at up to 200 billion yen (approx. $1.4 billion USD), this move marks a significant strategic step for the company.

The assets for sale include its wholly-owned subsidiary, Hitachi Vantara, a leader in enterprise data storage and management solutions. The business is recognized for its strength in object storage and data lakehouse deployment, effectively supporting AI workloads and edge computing. Together with another US-based subsidiary, the units up for sale generate combined annual sales of around 300 billion yen.

Hitachi has engaged financial advisors to manage the sale process, distributing detailed information to potential buyers, including private equity firms. This decision concludes the company's 23-year history in the storage sector, a journey that began with its acquisition of IBM's hard disk drive business in 2002.

The company clarified that the sale aims to divest lower-margin operations and sharpen its focus on more profitable growth areas. Hitachi's CFO indicated that the company will remain engaged in the storage market through future partnerships and technical collaborations.

ICgoodFind : Hitachi's divestiture of its storage unit represents a focused strategic pivot. While exiting direct ownership, the company intends to maintain a presence in the sector, a move that could reshape competitive dynamics in the enterprise storage landscape.