GE and Fanuc go separate ways

24 August 2009

GE and Fanuc have agreed to dissolve their joint venture, ending a 23 year partnership by the end of the year. The companies said the split would allow each organisation to refocus its investments and pursue its respective core industry expertise.

GE and Fanuc are taking different paths
GE and Fanuc are taking different paths

Established in 1986 by the joint investments of GE and Fanuc, GE Fanuc Automation Corporation serves industries around the world including the energy, water, consumer packaged goods, government and defence, and telecommunications industries. The partnership delivers hardware and software solutions, services, automation and embedded computing systems; as well as CNC products.

Fanuc honorary chairman, Dr. Seiuemon Inaba, said: "Our joint venture has achieved great success toward its original mission, which was to co-operate 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 will retain 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."

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