Alert: Automation World now enhanced for the iPad and iPhone. Watch a quick video preview
Greenfield
Factory Automation
Bassett
Batch Processing
Hand
Process Automation
Reynolds
Packaging Automation
Campbell
On the Edge
Download this free 94-page Continuous Process Playbook loaded with industry expert advice on topics ranging from control systems, instrumentation, and industrial networks to energy management, security, and system upgrades.

GE and Fanuc Complete Split

Print Reprint
     
After dissolving their long-standing joint venture, the two companies each intend to focus on their existing core competencies

General Electric Co. (GE, www.ge.com) and Fanuc Ltd. (www.fanuc.co.jp) have completed their agreement to dissolve the GE Fanuc joint venture. Respective portions of the joint venture revert back to the parents. The companies are now GE Intelligent Platforms (GE-IP, www.ge-ip.com) and Fanuc Ltd., based in Japan. GE-IP will be headquartered in Charlottesville, Va., and is a part of GE Enterprise Solutions.

GE and Fanuc announced plans last August to end the joint venture, established in 1986. The split allows each company to focus on its existing businesses and pursue growth in its respective core industry of expertise, the companies said.

ADVERTISEMENT

GE-IP notes that the industries now served include government and defense, telecommunications, energy, water, transportation and consumer packaged goods. The split is sure to be a concern of customers of CNC and motion control, but GE-IP said it will continue support for those products.  As the companies’ Dec. 11 press release states, “The two companies will continue to work together in a commercial relationship related to GE’s motion control and motor products with no interruption in supply of these components. In addition, GE intends to support its CNC customers in the Americas through its CNC services business.”

“Today begins the next phase in GE Intelligent Platforms’ focus to provide our customers with a sustainable advantage through industry-leading technology and the passion and expertise of our people,” said Maryrose Sylvester, president and chief executive officer of GE Intelligent Platforms. “We will continue to invest in our product and solution platforms that allow our customers to compete and succeed in a challenging economy. In addition, we intend to utilize our world-class enterprise software as a platform for faster growth for the entire GE portfolio.”

Fanuc Ltd.
www.fanuc.co.jp

GE Intelligent Platforms
www.ge-ip.com

Subscribe to Automation World's RSS Feeds for News

0

Add new comment

 

  NEWSLETTERS
Don’t miss intelligence crucial to your job and business!
Click on any newsletter to view a sample. Enter your email address below to sign up!

News Insights

News & Analysis

Product Insights

Latest Automation Products

Best of Blogs

Industrial Automation Columnists

Automation Focus

Sponsored white papers, videos and products

Continuous Processing

Oil & Gas, Chemical and More

Automation Skills

Improve Industry Skills

Industrial
Ethernet Review

Network Application of IE

On The Edge
Blog

Workforce Development

Factory Automation

Technology for Discrete Manufacturing

Food Bev & Pharma

Automation Applications & Trends

Global Edition

Global automation news

Each newsletter ranges in frequency from once per month to a few times per month at most.

 

IT Delivers on Automation’s Promise
E-Book Special Report
IT Delivers on Automation’s Promise

Sign up to receive timely updates from the editors at Automation World and download this FREE Special Report on the transformative power of data in manufacturing. By integrating information and automation technologies, manufacturers are finally achieving major gains in productivity from their automated systems.

x