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GE Fanuc Automation North America acquired RAMiX Inc. on March 17, 2003. RAMiX, a Ventura, California, developer of embedded computing connectivity, storage and memory products, was to be combined with GE Fanuc’s existing offerings in a new embedded systems group headquartered in Huntsville, Alabama.
What GE Fanuc acquired
RAMiX developed specialized hardware for embedded computing systems. GE Fanuc’s announcement listed embedded switches, 10/100/1000 Ethernet cards, network processors, server blades, serial I/O, PMC expansion devices, and PCMCIA, memory and storage modules. The products supported VME, CompactPCI, PMC and PCI standards and served defense, aerospace, telecommunications and medical-equipment markets. GE Fanuc’s March 17, 2003 announcement describes the company and its product lines.
What GE Fanuc planned to do
GE Fanuc said it would combine RAMiX’s product lines with its existing offerings to create an embedded systems group headquartered in Huntsville, Alabama. CEO Jeff Garwood said the acquisition would expand GE Fanuc’s embedded-computing capabilities. The release also characterized the opportunity as a “$9-billion embedded systems segment”; that was GE Fanuc’s description in 2003, not a current market-size estimate. The announcement does not provide comparative performance or pricing information.
Were the acquisition terms disclosed?
No. GE Fanuc’s announcement said transaction terms were not disclosed, so it does not establish a purchase price.
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How this fits GE’s later corporate history
In August 2009, GE and FANUC announced an agreement to dissolve their joint venture. GE said it would retain the global software, services, embedded systems and control systems businesses, which would be known as GE Intelligent Platforms. That later announcement provides corporate context, but does not by itself establish the present availability or ownership status of individual RAMiX products. GE and FANUC’s 2009 announcement.
Quick Recap
Rank #3
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Rank #2
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