GE Acquires Iders Incorporated to Accelerate Vision for Self-Aware Trains
December 08 2016 - 01:00PM
Business Wire
(NYSE:GE) GE Transportation, the world’s leading producer of
rail and transportation-related products and offerings, announced
today its acquisition of Iders Incorporated, an electronic product
design and manufacturing company for the rail industry.
Iders Inc., the manufacturer of GoLINC – the onboard processing,
storage, networking, and communications platform that essentially
turns a locomotive into a mobile data center - has been a valued
partner for more than five years. GoLINC boasts an install base of
over 8,500 locomotives globally, and is the platform on which GE –
and others – can write applications to help a train, and the entire
system, perform more effectively.
“This strategic acquisition marks another milestone for GE
Transportation in creating an efficient, self-aware rail ecosystem
that helps customers achieve smarter outcomes made possible by
sensor data and analytics,” said Jamie Miller, GE Transportation
President and CEO. “This acquisition puts GE in the driver’s seat,
allowing for faster innovation and scale, digital breakthroughs and
future enhancements by in-house talent.”
As part of the acquisition, customers will now have access to a
more extensive portfolio of cost-competitive digital solutions. GE
will also inherit ongoing product development projects that aim to
improve productivity and other customer outcomes.
“We’re proud to bring Iders’ history of innovation and advanced
technical expertise to GE Transportation and look forward to the
next chapter. GE and Iders have developed a successful relationship
over the years built on complementary strengths, and we are excited
to deepen this alignment,” said Brad Brown, President of Iders
Incorporated.
About GE Transportation
At GE Transportation, we are in the business of realizing
potential. We are a global technology leader and supplier of
equipment, services and solutions to the rail, mining, marine,
stationary power and drilling industries. Our innovations help
customers deliver goods and services with greater speed and savings
using our advanced manufacturing techniques and connected machines.
Our digital solutions, which provide data-driven insights to
improve efficiency, utilize Predix – GE’s cloud-based operating
system for the Industrial Internet. Established more than a century
ago, GE Transportation is a division of the General Electric
Company that began as a pioneer in passenger and freight
locomotives. That innovative spirit still drives GE Transportation
today and is strengthened by our ability to serve customers more
holistically through the GE Store – a global exchange of knowledge,
technology and tools across all GE businesses that ultimately
provides better outcomes for customers. GE Transportation is
headquartered in Chicago, IL, and employs approximately 10,000
employees worldwide.
About iders Incorporated
iders Incorporated is an electronic product design and
manufacturing resource that focuses on rail products, contract
product development services (PDS), and contract electronic
manufacturing services (EMS). iders has participated in a wide
variety of projects. In each case, iders was sought out for its
adherence to principles of design excellence, creativity and
ability to bring technologies to market.
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version on businesswire.com: http://www.businesswire.com/news/home/20161208005890/en/
Media Contact GE Transportation:Mailee
Garcia312-873-9161Mailee.garcia@ge.com
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