GE Digital Acquires ServiceMax, for $915M

servicemaxGE Digital (NYSE: GE) acquired ServiceMax, a provider of cloud-based field service management (FSM) solutions, for $915m.

Led by Dave Yarnold, CEO, ServiceMax provides a platform featuring a full suite of applications, including inventory and parts logistics, scheduling and workforce optimization, and work order management.

The deal, which is expected to close in January, subject to customary closing conditions, including receipt of applicable regulatory approvals, will provide GE Digital with enhanced capabilities to advance its Industrial Internet vision, enabling customers to gain value from their assets and their field service processes.

With this acquisition, GE plans to add analytics and insights into the ServiceMax logistics, workforce optimization and deployment models.
As a result of this transaction, customers will be able to access these offerings from an application development cloud and field-ready mobile platform that combines GE’s advanced industrial portfolio with ServiceMax’s field service expertise.



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