SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • GE Commercial Finance, Global Electronics Solutions (GES) and Thomas Industries Form Strategic Agreement

GE Commercial Finance, Global Electronics Solutions (GES) and Thomas Industries Form Strategic Agreement

Jun 14, 2006

San Diego, CA (June 13, 2006) � GE Commercial Finance, Global Electronics Solutions (GES), a global leader in equipment lifecycle management, and Thomas Industries Inc., a worldwide full-service auction and appraisal firm, have formed a strategic agreement to provide financing, equipment remarketing and auction services to semiconductor and electronics manufacturers.

This agreement provides customers with a simple and comprehensive solution for global equipment remarketing and auction services. GES� deep-domain expertise in electronic manufacturing equipment, coupled with Thomas Industries� proficiency in auction services, offers a compelling and unique value proposition to customers.

�Thomas Industries allows us to further specialize in real-time webcast and on-site auctions, in addition to silent online auction formats, said Roger Innes, president and CEO of GE Commercial Finance, Global Electronics Solutions. �In turn, we are able to offer customers expanded services to reliably and efficiently remarket all of their surplus assets. This improves our customers� cash flow and helps optimize valuable factory floor space.�

�Together, we have over 60 years of combined auction experience,� commented Tom Gagliardi, president of Thomas Industries. �We are able to provide unparalleled resources and services that are unmatched by our competitors. For example, our capacity to quickly prepare and catalog entire facilities, including all equipment, furnishings and fixtures, for disposition or resale, provides a one-stop shop solution saving our customers time and effort.�

About GE Commercial Finance, Global Electronics Solutions

GE Commercial Finance, Global Electronics Solutions, headquartered in San Diego, California, is the leading global expert in delivering customized asset management services (Acquire, Use, RemarketSM) to electronics manufacturers of semiconductor fabrication (FAB), automated test equipment (ATE), printed circuit board assembly (PCA) and flat panel display (FPD) equipment. Through its worldwide network, GES provides a host of flexible financing and leasing solutions, product insights and market intelligence, as well as efficient remarketing services that reduce customer risk and increase their return on investment. For more information, visit http://www.geelectronicsweb.com.

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $190 billion and is headquartered in Stamford, Connecticut.

General Electric (NYSE: GE) is Imagination at Work � a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit http://www.ge.com.

About Thomas Industries Inc.

Thomas Industries, with headquarters in Guilford, Connecticut, has been in business since 1947 and is one of the nation's largest full service auction and appraisal firms. As a uniquely structured company, Thomas Industries Inc. provides asset based lenders, original equipment manufacturers (OEMs) and processors with loan inception appraisals, monitoring, workouts, auctions, repossessions and complete real estate valuation and disposal services. For more information, visit http://www.thomasauction.com.

For further information, contact:

GE Commercial Finance, Global Electronics Solutions Diego Villamizar, 858-320-7340

diego.villamizar@ge.com

GE Commercial Finance, Global Electronics Solutions Sheralee Francisco, 408-980-7716

sheralee.francisco@ge.com

Thomas Industries

Tom Gagliardi, Jr., 203-458-0709

tomjr@thomasauction.com

Jan 30, 2023 -

WPI Vision Awards Horizon Sales, PIT & Circuit Technology 'First Out of the Gate' at APEX

Jan 30, 2023 -

Full Turnkey Solutions Included in New Altus Brochure

Jan 30, 2023 -

StenTech Announces Brand Refresh during IPC APEX EXPO

Jan 30, 2023 -

Heraeus Electronics showcases new portfolio for next-generation power electronics and semiconductor advanced packaging at SEMICON Korea 2023

Jan 30, 2023 -

SCS Presents Quality Associates with Representative of the Year Award during APEX

Jan 30, 2023 -

Europlacer Freeform Feeder Wins Pick & Place Accessories NPI Award at APEX Expo 2023.

Jan 30, 2023 -

North American EMS Industry Down 2.7 Percent in December

Jan 30, 2023 -

North American PCB Industry Sales Down 1.7 Percent in December

Jan 30, 2023 -

Counterfeit Electronics & Materials Symposium Program Announced and Registration Open

Jan 30, 2023 -

Insituware Announces 2023 Top Hat Awards to Top Three Reps

See electronics manufacturing industry news »

GE Commercial Finance, Global Electronics Solutions (GES) and Thomas Industries Form Strategic Agreement news release has been viewed 578 times

  • SMTnet
  • »
  • Industry News
  • »
  • GE Commercial Finance, Global Electronics Solutions (GES) and Thomas Industries Form Strategic Agreement
High Throughput Reflow Oven
ONLINE IPC Training & Certification
Software for SMT

Fluid Dispensers