Ge and Fanuc announced their agreement to terminat

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Ge and Fanuc announced their agreement to terminate the joint venture editor's note: FANUC will continue to strengthen its industry-leading CNC portfolio. Ge will continue to make global investments in industrial automation, process control systems, software solutions and embedded computing.

on August 17, 2009, Charlottesville, VA Ge (nyse:ge) and Fanuc announced today that the two companies have agreed to terminate the joint venture GE Fanuc Automation Corporation. The agreement will enable the two companies to strengthen investment aimed at promoting the growth of existing businesses and the development of their respective core technologies and integrating the above technology exhibitions. On the premise of meeting the usual transaction conditions, the two sides expect that the split of the joint venture will be completed by the end of 2009

ge FANUC automation company was jointly invested and established by GE and Fanuc in 1986. So far, it has grown into an industry-leading technology company with excellent performance. Its services cover many industries around the world, including energy, water, fast moving consumer goods, government, national defense and telecommunications industries. The business includes providing software and hardware solutions, services, automation and embedded computing systems, as well as industry-leading CNC products

Dr. seiuemon Inaba, honorary chairman of FANUC, said, "Since its establishment, our joint venture has achieved great success in PLC and CNC business technology development and global growth cooperation. Over the years, remarkable changes have taken place in the market situation and opportunities, and our two companies have also expanded their businesses in related fields. In today's market situation, we still need to seize these business expansion opportunities. Although we have made great achievements in our joint cooperation, in At present, we must concentrate on seizing our own unique industry opportunities. This is based on the best interests of both sides, and will certainly bring greater benefits to both sides. "

maryrose Sylvester, CEO of GE Fanuc intelligent platform, said, "Dr. Inaba and Fanuc are the best partners we have worked with. Ge is very proud of the achievements we have made together - both in industry technology and in the success of our full range of products. For GE, this change will enable us to continue to focus on serving customers worldwide. In addition, we will continue to improve our professional technology in GE's vertical structure module, and will also strengthen our cooperation in process control systems and enterprises And investment in important growth platforms such as automation software and embedded computing

according to the agreement:

- Ge will retain the software, service, embedded system and global control system businesses of the original joint venture. These will be integrated into the Ge intelligent platform and managed by Sylvester

- FANUC will retain the global CNC business of the original joint venture

sylvester added, "at present, the most critical thing is to smoothly realize this transformation and make all customers, business partners and employees feel at ease. We will spare no effort to realize our commitments to customers in all business areas."

ge introduction

ge (nyse:ge) is a diversified service company aimed at meeting the needs of global diversification. Its fields include infrastructure, finance, media, etc. a person in charge of told the first financial reporter. From energy, water, transportation and healthcare to finance and information, Ge operates in more than 100 countries and employs more than 300000 people worldwide. Ge always adheres to the concept of dreams starting the future. Please log in to the company website for more information

Fanuc Co., Ltd., headquartered in the foothills of Fujiyama, Japan, is the world's most diverse manufacturer of FA (factory automation), robots and intelligent machinery. Since its establishment in 1956, the company has always been a pioneer in the development of computer numerical control equipment in the world, and has made outstanding contributions in the field of machine tool automation. Fanuc technology has made important contributions to the global manufacturing revolution, from the automation of a single machine to the automation of the replacement of the entire production line in only six months. In the 21st century, FANUC will create more high-quality and reliable products

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several statements contained in this document can be regarded as "forward-looking statements" - that is, statements related to future rather than past events. In this regard, forward-looking statements are often related to our expected future business activities and financial performance, and often contain forward-looking words such as "expect", "expect", "intend", "plan", "believe", "try", "will". Forward looking statements are intended to express certain things that are uncertain to varying degrees. For the company, some uncertain factors that will positively or negatively affect the future performance of the company mainly include: financial market behavior, including interest rate and commodity price fluctuations; Strategic initiatives, including deployments; Future integration of acquired businesses; The future financial benefits of the company's main industry areas, including but not limited to, aviation and railway transportation, energy generation, media, real estate and medical industry; Unexpected losses in the company's insurance business; And a variety of other events that have occurred at the national, regional and global levels, including political, economic, business, competitive and regulatory events. These uncertainties may make the actual results in the future quite different from those described in the forward-looking statements. The company does not promise to update the forward-looking statements

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