GE and Fanuc end joint venture begun in 1986
GE Fanuc to split: GE gets the software, services, embedded systems and control systems businesses. Fanuc will take the CNC business.
GE Fanuc Intelligent Platforms CEO Maryrose Sylvester will lead GE Intelligent Platforms, with the software services and embedded systems and control businesses of GE Fanuc.
Honorary Fanuc Chairman Dr. Eng. Seiuemon Inaba (in front) and President & CEO Dr. Eng. Yoshiharu Inaba
GE and Fanuc announced that the two companies have agreed to dissolve the GE Fanuc Automation Corporation joint venture. This agreement would allow each company to refocus its investments to grow its existing businesses and pursue its respective core industry expertise. GE and Fanuc said in the Aug. 18 announcement that they expect the transaction to be completed by year-end 2009, subject to satisfactory customary closing conditions. Under the terms of the agreement: GE retains the software, services, embedded systems, and control systems businesses globally. The resulting GE company will be known as GE Intelligent Platforms. Fanuc retains the global CNC business . Both sides vowed a smooth transition for all.
Established in 1986 by the joint investments of GE and Fanuc, GE Fanuc Automation Corporation grew to become a leading high-performance technology company that serves a vast array of industries around the world including the energy, water, consumer packaged goods, government & defense, and telecommunications industries. The partnership delivers hardware and software solutions, services, automation and embedded computing systems; as well as industry-leading CNC products.
Fanuc Honorary Chairman Dr. Seiuemon Inaba said, "Our joint venture has achieved great success toward its original mission, which was to cooperate on the global growth and technical development of the PLC and CNC business. Over this time period, markets and opportunities also have changed dramatically, and both companies further expanded into adjacent segments. Today's market conditions are such that it's imperative we pursue these expanded opportunities, and while we have achieved great things together, it's in both our best interests that we focus our efforts on industry opportunities unique to our respective companies and that will deliver greater benefits to both our companies."
GE Fanuc Intelligent Platforms CEO Maryrose Sylvester said, "GE could not have asked for better partners than Dr. Inaba and Fanuc. GE is proud of what our companies have achieved together-both the industry expertise and success across our product portfolios. For GE, this change will mean a continued, intense focus on serving our customers around the world while continuing to invest in significant growth platforms like process control systems, enterprise and automation software and embedded computing as we continue to build further expertise around the GE vertical infrastructure segments."
Under the terms of the agreement: GE retains the software, services, embedded systems and control systems businesses globally. The company will be known as GE Intelligent Platforms, and will be led by Sylvester. Fanuc retains the global CNC business.
Sylvester added, "Our top priority is a smooth completion of transition and continuity for all customers, business partners and employees. We are committed to delivering our customer commitments in every segment of our business.
Also from MBT, see:
- Next-generation SCADA: GE Fanuc says iFIX 5.0 improves analytic capabilities .
GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Fanuc Ltd. , headquartered in Japan, is a diversified manufacturer of factory automation, robots and robomachines in the world.
Fanuc Robotics America Inc. is an industrial systems integrator serving North America.
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