GE Digital announced Monday it had acquired field service management company ServiceMax in a $915 million deal aimed at giving the company more services options for the Industrial Internet of Things (IoT) market.
GE Digital said the acquisition would also help it commercialize applications for automating and digitizing heavy-duty machinery on GE’s Predix platform.
“This acquisition builds upon our ongoing efforts to enhance our overall technology stack around the Predix platform and advance our Industrial Internet vision,” said GE Digital CEO Bill Ruh in a statement. “Improved productivity is critical for the Industrial Internet and digitizing field services is a cornerstone of a successful digital industrial strategy.”
