GE, Fanuc to dissolve 22-year joint venture by year end
20 Aug 2009
GE and Fanuc announced this week that they would dissolve their 22-year technology joint venture, GE Fanuc Automation Corporation, by the end of this year.
In a statement, GE-Fanuc said, "This agreement would allow each company to refocus its investments to grow its existing businesses and pursue its respective core industry expertise."
After the seperation, GE will retain the software, services, embedded systems, and control systems businesses globally, under the name GE Intelligent Platforms. Fanuc will retain the global CNC business.
Diversified US industrial group GE and robotics technology and automation leader, Fanuc Ltd of Japan joined hands in 1986 to form GE-Fanuc Automation to emerge among the largest suppliers of hardware and software, services, automation, embedded computing systems and industry-leading CNC products.
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 and defence, and telecommunications industries.
In 2007, GE-Fanuc added GE's embedded systems division entered operations management software, diversifying their focus from products and components to turnkey solutions for process and discrete manufacturers, under the GE Fanuc Intelligent Platforms brand.
