GE Fanuc Acquires RAMiX
Leader in Embedded Computing Strengthens GE Industrial Systems Capabilities, New Products and Growth in $9-Billion Segment
GE Fanuc Automation North America, Inc., an affiliate of GE Industrial Systems, has acquired Ventura, Calif.-based RAMiX, Inc., a leading supplier of embedded computing connectivity, storage and memory solutions for essential industries ranging from defense and aerospace to telecommunications and medical equipment.
Found in most every type of embedded computing application, RAMiX's products help the military to protect and defend, speed information processing in diagnostic medical equipment, help reduce the cost of phone calls, speed communications in systems that identify aircraft as friend or foe and are an integral part of in-flight entertainment systems for the aviation industry. Terms of the transaction were not disclosed.
"GE Industrial Systems has a strong commitment to acquiring and developing essential, growth technologies that provide peace of mind for people, their workplaces and their properties," said Lloyd Trotter, president and CEO, GE Industrial Systems. "RAMiX enhances our profitable growth in the embedded systems market and adds value to our expanding product offerings for customers. Embedded computing technologies will help us offer new innovative solutions for customers in such areas as energy management, automation, and security, including trace detection systems and more."
RAMiX designs and manufactures embedded switches; 10/100/1000-based Ethernet cards; network processors; server blades; serial I/O; PMC expansion devices; and a variety of PCMCIA, memory and storage modules. The company pioneered the concept of embedded Ethernet switching and now offers one of the most comprehensive selections of both 10/100 and Gigabit Ethernet switching products. GE Fanuc will combine the RAMiX product lines with its current offering to create an embedded systems group headquartered in Huntsville, Ala.
"The acquisition of RAMiX strategically positions GE Fanuc for continued profitable growth in the $9-billion embedded systems segment," said Jeff Garwood, president and CEO of GE Fanuc Automation. "As a technology leader, RAMiX expands GE's embedded computing capabilities and is a complement to our long history of innovation and reliability."
Saeed Karamooz, president and CEO of RAMiX, said, "We are excited about the opportunity to join the GE organization with its long-standing record of inventiveness and commitment to integrity. RAMiX has an unprecedented opportunity to grow with GE as a preeminent provider of embedded computing solutions. The benefits to RAMiX customers will be significant, including a broader range of products and outstanding worldwide support."
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