GE Fanuc Embedded Systems, a unit of General Electric Company has agreed to acquire SBS Technologies, a designer of open architecture embedded computer products. SBS Technologies shareholders will receive $16.50 per share payable in cash, for a total consideration of approximately $215 million, net of SBS Technologies’ cash and equivalents. SBS is headquartered in Albuquerque, New Mexico with locations in Minnesota, Massachusetts, California, North Carolina, Germany, Canada and China. The company products are designed to open standards such as CompactPCI (CPCI), VMEbus (VME), PCI, PCI-Express, PMC, PC/104, AdvancedMC, and AdvancedTCA. SBS Technologies’ single board computers are based on Intel architecture, PowerPC and FPGA processors. In 2005 sales was $152.4 million and net income was $4.4 million.

GE Fanuc Embedded Systems is a part of GE Fanuc Automation Corporation, a joint venture between GE and Fanuc of Japan. GE Fanuc provides a diverse array of capabilities and products, including controllers, embedded systems, advanced software, motion control, CNCs, operator interfaces, industrial computers, and lasers.