GE Mining announced today it has completed the acquisition of the assets of Fairchild International, a leading manufacturer of underground mining vehicles located in Glen Lyn, Virginia. The new legal business name for the acquisition is GE-Fairchild LLC.
GE Mining, a business unit of GE Transportation, utilizes the people, technologies, and products from across GE to help its customers solve their toughest mining challenges. GE Mining helps mines work better by providing innovative solutions in critical areas such as power, water and productivity.
With this acquisition of the assets of Fairchild International, GE Mining will expand its product offering to underground mining and grow the customer base beyond its core U.S. market to serve mining customers worldwide. With its electric propulsion and state-of-the-art energy storage systems, GE Mining will be able to deliver higher efficiency and grow the customer base beyond its core U.S. market to serve mining customers worldwide. With its electric propulsion and state-of-the-art energy storage systems, GE Mining will be able to deliver higher efficiency and productivity to mining customers worldwide while lowering fuel use, emissions and life-cycle cost.
We highly value the industry knowledge and expertise in designing, building and servicing underground mining equipment that Fairchild brings to GE Mining,” said Lorenzo Simonelli, President and CEO of GE Transportation. “With GE’s global reach, technology leadership in clean propulsion and energy storage systems, and world-class system integration capabilities, we will bring the next generation of top performing underground mining equipment to customers worldwide.”
Read the press release here.
