GE Acquisition Train Stops at ServiceMax.

General Electric Co. (GE Digital) will now buy ServiceMax, a cloud-based field service management company which provides software to remotely track equipment maintenance, create work orders and manage repair expand its digital operations and enhance equipment maintenance.


  • The deal is valued at  $915 million

  • With this deal, GE will be able to automate and digitize the servicing of heavy-duty machinery through the Predix platform

  • Acquisition is expected to close in January, 2017

  • This acquisition will be under the GE Digital arm of the business

  • GE Digital was established in 2015, and may become a $15 billion business by 2020

  • Morgan Stanley is the financial adviser for ServiceMax while Gundersen Dettmer LLP served as legal counsel


“The addition of ServiceMax better positions GE Digital to accelerate the commercialization of Predix applications by combining GE’s industrial portfolio and domain expertise with ServiceMax’s field service expertise,”

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