GE, Fanuc Dissolve Joint Venture
GE and Fanuc have announced the completion of their agreement to dissolve the GE Fanuc Automation joint venture. Under the terms of the agreement, respective portions of the joint venture have reverted back to the parent company, allowing each to focus on its existing business and to pursue growth in its respective core industry of expertise.
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GE and Fanuc have announced the completion of their agreement to dissolve the GE Fanuc Automation joint venture. Under the terms of the agreement, respective portions of the joint venture have reverted back to the parent company, allowing each to focus on its existing business and to pursue growth in its respective core industry of expertise.
The two companies now operate independently as GE Intelligent Platforms (Charlottesville, Virginia) and Fanuc LTD (Oshino-mura, Japan). The former offers software, hardware, service and expertise in automation and embedded computing, while the latter offers factory automation, robotics and CNC products. However, the companies will continue to work together in a commercial relationship related to GE’s motion control and motor products, with no interruption in supply of these components. Additionally, GE says it intends to support CNC customers in the Americas through its CNC services business.
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