GE and Fanuc to Dissolve Automation and Control Joint Venture

After 22 years of working together in the automation, robotics and embedded computing markets, General Electric and Fanuc Ltd. of Japan announced plans to dissolve their joint venture, GE Fanuc Automation Corp., Charlottesville, Va., by the end of the year.

“Everybody, in this economy, has taken a hard look at their businesses to see where they're strong. We see this as an opportunity to focus on those, and for Fanuc to do the same,” said Ellie Holman, public relations manager for GE Enterprise Solutions.

Full story (EM subscription required)