This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at GE y FANUC deciden acabar con su joint venture
GE and FANUC decide to put an end to its joint venture
31/08/2009
August 31, 2009
As of August 2009 GE and Fanuc firms have sent a communique which announced their agreement to dissolve the joint venture GE Fanuc Automation Corporation. This agreement will allow both companies to redirect their investments to increase its existing businesses and strengthen their respective experiences in its core businesses. GE and Fanuc expect the transaction to be complete by the end of the year 2009.
In 1986 the joint investment of GE and Fanuc gave rise to the creation of GE Fanuc Automation Corporation, which became a company of leading technology for numerous sectors such as energy, water, consumer goodsGovernments and defence and telecommunications. It provides hardware and software, services, automation and embedded computing systems, as well as CNC for the industry.
According to the agreement, GE maintains the business of software, services, embedded systems and control systems for everyone. The company will be known as GE Intelligent Platforms.
FANUC, for its part, maintains the global business of CNC.
Related Companies or Entities
FANUC Iberia, S.L.U.
