OCZ Storage Solutions
2014
Why
Toshiba acquired OCZ Storage Solutions in 2014.
Toshiba Corporation
Industrial Conglomerate and Power InfrastructureFounded 1875- HQ today: Kawasaki, Kanagawa, Japan
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Toshiba Acquisitions
3
Major Deals Covered
$5.4B
Disclosed Deal Value
What are Toshiba's biggest acquisitions?
Toshiba's largest disclosed acquisition here is Westinghouse Electric Company for $5.4B in 2006. This page covers 3 major deals from 1977 to 2014, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- Largest deal
- Westinghouse Electric Company ($5.4B)
- First deal
- 1977
- Most recent
- 2014
| Company | Year | Price | Purpose |
|---|---|---|---|
| Semp | 1977 | Undisclosed | Toshiba acquired Semp in 1977. |
| Westinghouse Electric Company | 2006 | $5.4B | Toshiba bought a majority of Westinghouse in 2006 for $5.4 billion to expand in nuclear power plant construction and services. |
| OCZ Storage Solutions | 2014 | Undisclosed | Toshiba acquired OCZ Storage Solutions in 2014. |
- What companies has Toshiba bought?
- Major acquisitions by Toshiba documented here include Westinghouse Electric Company (2006), OCZ Storage Solutions (2014) and Semp (1977).
- What is Toshiba's most recent acquisition?
- The most recent Toshiba acquisition documented here is OCZ Storage Solutions, in 2014.
Westinghouse Electric Company
2006
$5.4B
Why
Toshiba bought a majority of Westinghouse in 2006 for $5.4 billion to expand in nuclear power plant construction and services.
Impact
Cost overruns on fixed-price AP1000 projects in Georgia and South Carolina pushed Westinghouse into Chapter 11 in March 2017 and caused large losses for Toshiba.
Outcome
Toshiba deconsolidated Westinghouse, which Brookfield bought in 2018. To rebuild capital, Toshiba sold its memory business.
Semp
1977
Why
Toshiba acquired Semp in 1977.
Toshiba Corporation's Growth & Acquisition Strategy
Toshiba is focusing on four growth areas: transmission and distribution equipment for grid upgrades, power semiconductors for EVs and industrial uses, high-capacity nearline HDDs for data centers, and digital services built on its infrastructure customer base. It is funding this through fixed-cost cuts under the 2024 Revitalization Plan and the cash raised from selling Kioxia shares.
How Toshiba Corporation Makes Money
Toshiba sells and services long-lived equipment to utilities, governments, railways, factories and device makers. Energy Systems & Solutions covers transmission and distribution equipment, nuclear and thermal power systems and renewables. Infrastructure Systems & Solutions covers public infrastructure, railway and industrial systems. Electronic Devices & Storage Solutions sells power semiconductors and nearline hard disk drives. Building Solutions, Retail & Printing Solutions (listed subsidiary Toshiba Tec) and Digital Solutions round out the portfolio. Much of the profit comes from maintenance, upgrades and service on its installed base rather than one-off equipment sales. Toshiba also still holds a minority stake in Kioxia, and sales of those shares produced large one-off gains in FY2025 and 2026.
Toshiba Acquisitions FAQ
What was Toshiba's fateful $5.4 billion acquisition of Westinghouse Electric in 2006?
In 2006, Toshiba outbid competitors to acquire U.S. nuclear power pioneer Westinghouse Electric for $5.4 billion from British Nuclear Fuels, aiming to dominate global nuclear plant construction before catastrophic cost overruns led to Westinghouse's 2017 bankruptcy.
How did the $18 billion sale of Toshiba Memory to Bain Capital create Kioxia in 2018?
Facing negative net worth and delisting in 2018, Toshiba sold an 80% controlling interest in its world-leading NAND flash memory unit to a consortium led by Bain Capital for $18 billion. The company was rebranded as Kioxia Holdings Corporation.
What was the $5.9 billion sale of Toshiba Medical Systems to Canon in 2016?
In March 2016, to raise immediate cash following its accounting scandal, Toshiba sold its highly profitable medical imaging equipment division (CT, MRI, ultrasound) to Canon for approximately $5.9 billion, which became Canon Medical Systems.
How did Midea Group acquire Toshiba's home appliances business in 2016?
In June 2016, Chinese appliance giant Midea Group acquired an 80.1% controlling stake in Toshiba Lifestyle Products & Services Corporation for approximately $473 million, while licensing the "Toshiba" brand globally for 40 years for refrigerators and washing machines.
What was the sale of Toshiba's television business to Hisense in 2017?
In November 2017, Toshiba sold a 95% stake in Toshiba Visual Solutions Corporation to Chinese electronics maker Hisense for approximately $113 million, transferring its famous "Regza" TV brand and manufacturing operations.
Why did Toshiba sell its historic Dynabook PC laptop business to Sharp in 2018?
In 2018, Toshiba sold an 80.1% stake in its pioneering laptop business to Foxconn subsidiary Sharp Corporation for $36 million, selling the remaining shares in 2020 to end its 35-year laptop manufacturing heritage.
What was the $2.3 billion acquisition of Landis+Gyr in 2011 and its subsequent exit?
In 2011, Toshiba acquired Swiss smart metering leader Landis+Gyr for $2.3 billion to expand its smart grid business, before taking the company public on the Swiss SIX exchange in 2017 for $2.4 billion to generate emergency liquidity.
What were the terms of the $14 billion take-private buyout by JIP in 2023?
In December 2023, Japan Industrial Partners (JIP) led a consortium of 20 Japanese companies (including ORIX, Chubu Electric, and Rohm) to buy out Toshiba for approximately JPY 2.0 trillion ($14 billion), ending 74 years of public trading.
How did Toshiba partner with Rohm in power semiconductors in late 2023?
Toshiba and Japanese semiconductor firm Rohm entered into a government-backed manufacturing alliance, investing a combined JPY 388 billion ($2.7B) to integrate silicon and silicon carbide power device production for electric vehicles.
What was the rejected $20 billion buyout proposal from CVC Capital Partners in 2021?
In April 2021, European private equity giant CVC Capital Partners made a preliminary $20 billion take-private offer for Toshiba, which sparked fierce internal political backlash, foreign investment security reviews, and led to the resignation of CEO Nobuaki Kurumatani.
Has private Toshiba made any new technology acquisitions since its 2023 delisting?
Under CEO Taro Shimada, Toshiba has avoided large acquisitions, focusing on internal R&D in power semiconductors and grid transmission while methodically selling its remaining shares in Kioxia Holdings.
What is Toshiba's long-term corporate development strategy regarding Kioxia?
Toshiba plans to completely exit its remaining 12.8% stake in Kioxia over the coming years, recycling billions in proceeds into modernizing its internal power semiconductor fabs and strengthening its balance sheet.
Related M&A Histories
Compare corporate acquisition records, deal values, and strategic targets
Explore Toshiba
Core profile pages, founders and related research hubs for this company.