December 08, 2016

GE Transportation acquires Iders Incorporated, an electronic product design and manufacturing company

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December 08, 2016 01:00 PM Eastern Standard Time CHICAGO--(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.

"This acquisition puts GE in the driver’s seat, allowing for faster innovation and scale, digital breakthroughs and future enhancements by in-house talent.”

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.

Contacts

Media Contact GE Transportation:

Mailee Garcia

312-873-9161

Mailee.garcia@ge.com

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