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GE Fanuc Embedded Systems Signs Agreement To Purchase Assets Of Condor Engineering
CHARLOTTESVILLE, Va. - February 17, 2006 -- GE Fanuc Embedded Systems announced that it has signed an agreement to purchase the assets of Condor Engineering including test and simulation products, embedded boards and core technology to meet the data communications needs of commercial and military aircraft manufacturers and suppliers. “GE Fanuc is pleased to add this complementary product portfolio to our already robust embedded solutions,” said Maryrose Sylvester, President and CEO of GE Fanuc Automation. “The innovations Condor Engineering has brought to the burgeoning avionics industry are well-recognized as quality solutions, and we plan to build on that reputation to further serve the industry.” Condor Engineering, located in Santa Barbara, California, brings a broad and international customer base within both the aerospace and defense industries. The company’s product set includes powerful hardware interface solutions for application engineers, extensive high-level API libraries for software developers, GUI monitor and control programs for integrators and test engineers, and core logic for embedded designers. This robust technology supports F-16, F-18, F-22, C-17, C-130, Airbus and Boeing aircraft. Test and Simulation products include COTS avionics communications solutions including CompactPCI®, PCI, PMC, and VME platforms. “This is a great opportunity for current Condor customers,” said John Gerngross, President of Condor Engineering. “This agreement will combine our synergistic product lines to provide more powerful solutions to our customers. Users can expect continued focus on quality with innovative, high-performance data communications solutions that addresses the rigorous requirements of the commercial and military avionics sectors.” The transaction is expected to close in the near future, subject to customary closing conditions. About GE Fanuc Embedded Systems GE Fanuc Embedded Systems, Inc., is a part of GE Fanuc Automation Americas, Inc., a joint venture between GE and FANUC LTD of Japan. GE Fanuc delivers automation hardware and software designed to help users reduce costs, increase efficiency and enhance profitability. With solutions and services catering to virtually every industrial segment, GE Fanuc provides a diverse array of capabilities and products, including controllers, embedded systems, advanced software, motion control, CNCs, operator interfaces, industrial computers, and lasers. Headquartered in Charlottesville, VA, GE Fanuc is a part of GE Industrial and combines the diverse global strengths of the GE family with the local presence customers need to design, develop and maintain their automation investments. For more information, visit www.gefanuc.com .
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