GE Fanuc buying Intellution from Emerson

Charlottesville, VA GE Fanuc Automation North America Inc. announced Oct. 22 that it has signed a definitive agreement to acquire Intellution Inc. (Foxborough, MA). GE Fanuc reports that Intellution's software and services will complement its e-manufacturing solutions. The transaction is subject to regulatory approvals, and other customary conditions and is expected to close in the near future.

11/01/2002


Charlottesville, VA - GE Fanuc Automation North America Inc. announced Oct. 22 that it has signed a definitive agreement to acquire Intellution Inc. (Foxborough, MA). GE Fanuc reports that Intellution's software and services will complement its e-manufacturing solutions.

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

A leading supplier of industrial automation software with more than 185,000 installations worldwide, 22-year-old Intellution is a division of Emerson Process Management, an Emerson business. GE Fanuc Automation is part of GE Industrial Systems, and an affiliate of the General Electric Co.

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 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,' says Charlene Begley, GE Fanuc's president, and ceo. '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.'





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