GE Digital (GE) Announces $915M Acquisition of ServiceMax
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GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
November 14, 2016 1:00 PM ESTExpands existing partnership that has driven significant productivity across GE; adds new capability to offer in the $1 trillion market for industrial service
SAN RAMON, Calif.--(BUSINESS WIRE)-- GE Digital (NYSE: GE) today announced it has acquired ServiceMax, a leader in cloud-based field service management (FSM) solutions, for $915 million. The acquisition provides GE Digital with enhanced capabilities to advance its Industrial Internet vision, enabling customers to immediately gain more value from their assets and find greater efficiency in their field service processes.
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