The new company, named FDI Cooperation, LLC, was formalized by all representatives of their respective foundations who signed contract documents in Karlsruhe, Germany. The FDI Cooperation, LLC will be headed by a board of managers, which is composed of the representatives of the involved organizations, as well as managers of global automation suppliers including ABB, Emerson, Endress+Hauser, Honeywell, Invensys, Siemens, and Yokogawa. Hans-Georg Kumpfmüller of Siemens will serve as chairman of the board. Achim Laubenstein of ABB has been nominated as executive director.