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The completion creates a new firm called Dell Technologies and finalizes a record $67 billion (roughly Rs. 4,45,231 crores) deal for EMC, which will help the struggling PC maker accelerate its efforts in cloud and mobile computing. US computer maker Dell said Wednesday it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services.
Dell founder and chairman Michael Dell, who took the computer maker private in 2013, said the new firm would be better positioned to compete in the evolving technology landscape. “We are at the dawn of the next industrial revolution,” he said in a statement.