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GE Acquires “Iders Incorporated”

GE Transportation announced today its acquisition of Iders Incorporated, an electronic product design and manufacturing company for the rail industry.

17 December 2016 Saturday, 08:20
Railway Contracts

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.

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[quote font_size=”16″ arrow=”yes”]“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. This acquisition puts GE in the driver’s seat, allowing for faster innovation and scale, digital breakthroughs and future enhancements by in-house talent.”[/quote] said Jamie Miller, GE Transportation President and CEO.

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.

[quote font_size=”16″ arrow=”yes”]“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,”[/quote] said Brad Brown, President of Iders Incorporated.

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