GE Fanuc Automation to Acquire Intellution from Emerson | Automation.com

GE Fanuc Automation to Acquire Intellution from Emerson

Software and Services Complement GE’s e-Manufacturing Solutions Offering

CHARLOTTESVILLE, Va. ¾ October 22, 2002 ¾ GE Fanuc Automation North America, Inc., an affiliate of the General Electric Company (NYSE: GE), today announced that it has signed a definitive agreement to acquire Foxborough, Mass.-based Intellution, Inc., a leading supplier of industrial automation software, with more than 185,000 installations around the world, and a division of Emerson Process Management, an Emerson (NYSE: EMR) business.

The transaction, which is subject to government approvals and other customary conditions, is expected to close in the near future. Terms of the deal were not disclosed.

Using award-winning technology, Intellution provides an industry-standard software platform that collects, distributes, controls and visually presents information from the plant floor throughout the enterprise, supplying customers with scalable solutions that deliver increased productivity and return on investment. Intellution also offers best-in-class global customer care for software technology support.

“The addition of Intellution to the GE Fanuc family brings strong growth opportunities in process-related segments as well as a complementary presence worldwide,” said Charlene Begley, president and CEO of GE Fanuc. “Additionally, Intellution enhances our software functionality with key batch, historian and plant-intelligence technologies, which further GE’s abilities to deliver automation solutions that improve quality, reduce cycle times, increase productivity, and facilitate collaboration in the supply chain.”

Robert L. Yeager, president of Intellution, said, “The integration of Intellution into the GE Fanuc organization presents an exciting opportunity to continue our commitment to helping customers gain a competitive advantage. Aligning with GE's broad range of product offerings in the industrial automation markets will bring benefits to all of our customers.”

Kevin Roach, vice president of the GE Fanuc global solutions business, said, “Our solutions offering combines the extensive knowledgebase of the worldwide GE organization with domain experience, web-centered software technologies, open architecture hardware and capital financing to drive turnkey, industry-based manufacturing solutions. The addition of Intellution further enhances our ability to provide powerful automation solutions – which span machine programming and visualization, batch processing, plant-wide supervisory control systems, and enterprise-wide collaborative production management with supply chain optimization capabilities. We welcome Intellution to the GE Fanuc family and look forward to the many productivity, quality and cost-reduction benefits that it will bring to our mutual customers.”

About Intellution
Founded in 1980, Intellution is a division of Emerson Process Management, an Emerson (NYSE: EMR) business. Designed from the ground-up to be flexible, scalable and easy-to-use, Intellution applications can be found throughout the world. From the iFIX® HMI/SCADA platform to the latest ROI-enhancing Plant Intelligence systems, Intellution helps customers connect the factory floor to the corner office.

About Emerson
St. Louis-based Emerson (www.gotoemerson.com) is a global leader in bringing technology and engineering together to provide innovative solutions to customers in process control; electronics and telecommunications; industrial automation; heating, ventilating and air conditioning; and appliance and tools. Sales in fiscal 2001 were $15.5 billion.

About GE Fanuc Automation
GE Fanuc Automation North America, Inc., is a leading global supplier of automation solutions and is a joint venture between GE and FANUC, Ltd. of Japan. GE Fanuc products and services include CIMPLICITY® collaborative production management software, nano to high-end PLCs, a wide range of CNCs, motion control, operator interfaces, industrial computers, lasers, and a wide range of integration and customer support services. Headquartered in Charlottesville, Va., GE Fanuc is part of GE Industrial Systems. For more information, visit www.gefanuc.com.

About GE Industrial Systems
GE Industrial Systems spans the globe as an industry leader in integrated industrial equipment, systems and services. The business brings to customers the latest technological products used to distribute, protect and control electrical power and equipment, and provides innovative product and service solutions for commercial, industrial, residential and utility applications. Headquartered in Plainville, Connecticut, USA, GE Industrial Systems is one of the major businesses of the General Electric Company (NYSE: GE).

For more information, visit www.gefanuc.com or contact: GE Fanuc Information Center, P.O. Box 8106, Charlottesville, VA 22906, Phone: (800) 648-2001, Fax: 434-978-5205, e-mail: [email protected].
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