Partnership to dissolveGE Fanuc to dissolve” I got back “about 2,850 for GE Fanuc to dissolve” coming up on the screen.
This surprising announcement will probably have little impact on the automation market. The GE side of the business – now to be called GE Intelligent Platforms – will continue to market PLCs, while Fanuc will hold the CNC segment of the businesss.
- The release says :
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 current GE Fanuc Intelligent Platforms CEO Maryrose Sylvester.
FANUC retains the global CNC business.
GE Fanuc Automation Corporation was established in 1986 as a joint venture by GE Corporation of the United States and Fanuc of Japan. There’s has been a very successful partnership.
The Chairman of Fanuc confirms “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.”
Thus both will be active in the businesses they know best. “Stick to the knitting!” I think Tom Peters called it way back in the eighties!