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.
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.”
GE Intelligent Platforms