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GE Fanuc to split.

Publication: Metalworking Insiders' Report
Publication Date: 20-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The upcoming dissolution of the joint-venture GE Fanuc Automation Corp. will allow each of the two partners to refocus investments to grow existing businesses and pursue its respective core expertise, say the companies. The agreement to part ways, announced in mid-August, will be completed by the end of the year.

GE Fanuc Automation was formed by General Electric and FANUC in 1986 to cooperate globally on the programmable logic controller (PLC) and computerized numerical controller (CNC) business. Its products now include broader automation systems using PLCs and motion controllers, CNCs, embedded systems including single-board computers and military avionics, and a wide...

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